Just the title. r/FIRE_Ind may be joined as well for staying updated.

Regards,

Snaky

r/FIRE_Ind

What could you talk about?

• Are you a FIRE beginner wanting advice? We'll try to help!
• Have you started your FIRE journey? Tell us!
• Have you hit a net worth milestone? We want to be motivated!
• Insights from work life or daily life? We are all ears!
• Just feeling lonely and want to hang out with FIRE-minded people? That's why this sub exists!
• Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics/trading still apply!

We have a Wiki that is constantly being updated, so please do read that if you are new here.

Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

What could you talk about?

• Are you a FIRE beginner wanting advice? We'll try to help!
• Have you started your FIRE journey? Tell us!
• Have you hit a net worth milestone? We want to be motivated!
• Insights from work life or daily life? We are all ears!
• Just feeling lonely and want to hang out with FIRE-minded people? That's why this sub exists!
• Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics/trading still apply!

We have a Wiki that is constantly being updated, so please do read that if you are new here.

Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

Self-promotion (ie posting about projects/businesses that you operate and can profit from) is typically a practice that is discouraged in r/FIREIndia, and these posts are removed through moderation. This is a thread where those rules do not apply. However, we do not accept ads, content that is scammy and please do not post referral links in this thread.

Use this thread to talk about your blog, talk about your business, ask for feedback, etc. If the self-promotion starts to leak outside of this thread, we will once again return to a time where 100% of self-promotion posts are banned. Please use this space wisely.

Link-only posts will be removed. Please put some effort into it.

What could you talk about?

• Are you a FIRE beginner wanting advice? We'll try to help!
• Have you started your FIRE journey? Tell us!
• Have you hit a net worth milestone? We want to be motivated!
• Insights from work life or daily life? We are all ears!
• Just feeling lonely and want to hang out with FIRE-minded people? That's why this sub exists!
• Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics/trading still apply!

We have a Wiki that is constantly being updated, so please do read that if you are new here.

Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

Self-promotion (ie posting about projects/businesses that you operate and can profit from) is typically a practice that is discouraged in r/FIREIndia, and these posts are removed through moderation. This is a thread where those rules do not apply. However, we do not accept ads, content that is scammy and please do not post referral links in this thread.

Use this thread to talk about your blog, talk about your business, ask for feedback, etc. If the self-promotion starts to leak outside of this thread, we will once again return to a time where 100% of self-promotion posts are banned. Please use this space wisely.

Link-only posts will be removed. Please put some effort into it.

I have been lurking in this sub for some time and have been wondering about this- how do you forecast inflation, medical expenses, higher studies for children, longevity etc? Where should we start? Is there a book/ resources i can refer to learn more? Are there formulas?

TIA

I get the fact that there will be early penalty and will be taxed on the withdrawal, but even then it makes sense for FIRE. Any thoughts?

Say $20k withdrawn every year, we end up paying taxes as per US tax slabs (for individual):

12% tax on $9k = 1080 (anything above 11k up to 20k)

10% tax on $11k = 1100 (zero to 11k)

Penalty of 10% on $20k = 2000 (penalty for early withdrawal)

Total taxes paid in US = $4.180 (around 21% total tax).

Effectively we get $15,820 in hand in India, on which India wouldn't tax (due to double tax avoidance treaty). This results in 12.65 Lacs in India per year, which is not bad for FIRE. Once can calculate for their own number (say $40k instead of 20), that's besides the point.

Real question is - has anyone actually tried this strategy?

​

Edit - Forgot to mention, I am assuming there is decent amount in 401k say 500k for $20k withdrawal per annum)

Hi All - I 31M and work in a IT company as a Software Engineer. I have an opportunity to invest in a commercial property in a Tier 2 city in Karnataka. The property was built close to five years ago and have all the documents. It is a 50L property which is rented to a Dentist for 30k a month. I will be taking a loan for 25 lacs which I am confident I can close in a couple of years. The loan is mostly to get the banks to do the necessary due diligence about the property.I want to FIRE in about 5 years and want to understand if this is a good investment for my plan?

Cumulatively between myself and my spouse our NW is about 4.16CR, I want retire by 2028.

Our current monthly expense is about 80K and I expect it to increase to 1.5L by end of the year since I have to move to Bangalore for my job. Overall in a year along with other expenses like Term Insurance, Medical insurance, Travel budget, etc our yearly expense is about 22L.

Our investments today are as following:

1. Equity: 37L
2. Mutual Funds: 11L
3. Post Office: 15L
4. Gold: 5L
5. Savings Account: 19L
6. US Stocks + Mutual Funds: 34.5L
7. US Savings Account: 40L
8. Commercial Property near Mumbai: 1CR (Rented for 25K to a Bank)
9. Agriculture Land near Mumbai: 1.55CR ( We have signed a JV with a Builder to construct a Residential complex on this land, work should commence in 2-3 months. We are 10% partner in this JV and based on projections we expect about 4X returns in 3-5 years. For simplicity only accounting for investment for now. ) I have to pay 50L for this JV before the end of this year so saving up some money for this and taking a loan for the commercial property.
10. 3 BHK Residential Property near Mumbai: 1.75CR ( Have not rented this since we plan to eventually live here. Not including this in our NW )

Not including any inheritance as well in our plan.

We don't have a kid yet but plan to start a family soon, we do not want more than 1 kid though. And not sure how to factor in child costs in my calculation.

My FIRE target is 10CR assuming I will live until I am 80 so taking 44X as the calculation. Since my return to India my CTC is 1.3CR (90L Cash component and 40L Stocks, company is listed on NYSE) per annum, my wife has setup her own construction company recently and do not have any salary or profits yet from it.

Once I FIRE I plan to join in her business though not full time but we will continue earning more between the two of us. I know we are FI yet but I would like to get to RE soon.

After my previous post 1.5 years ago , I wanted to take a fresh look at my finances and get the forum's perspectives . Here is the financial details first :

​

I am 40, wife is 35, kid is 1.5yo.

Monthly take home is 250k.

Expenses (including miscellaneous and annual ones) - 90k. Parents are financially independent.

Recurring investments: 50k in Mutual funds and 50k in emergency fund. Wife's earnings are hers to spend as she sees fit , I don't ask on that :)

EPF - 23k (deducted before take home)

I have term insurance of 50 lakhs. Both me and wife are insured for health from employers for around 8 lakhs. I have a family floater health insurance policy of 1 crore ( base coverage)

Current Portfolio:

Equity MF - 108 lakh

Stocks - 91 lakh

SSY - 3 lakh

EPF - 10 lakh

Wife's PF - 6 lakh

PPF - 4.73 lakh

NPS - 22.86 lakh

2 plots of land - 92 lakh ( conservative, no loans on these plots)

Debt MFs - 66 lakh

Emergency Fund - 1.5 lakhs ( will direct my variable pay to build it further)

ESOPS - 2 lakh

Summary:

So around 4 crore and 5 lakhs.
I will inherit either a home or a flat in a Tier 2 city. Currently renting.

Love travelling , especially at expensive resorts in India or flying abroad. ( I spent 2 lakhs last year at a 5 star resort in Goa)

No loans no debts , always pay all bills and credit cards in full. Own a car. Aim to send the kid to the best colleges in India without any loans for both grad and post grad( except medical, she can go on merit). If she wants to go abroad , will give her what I saved for her education plus rest she can self fund.

Aiming to achieve FIRE by 48. Am I on the right path ? Enlighten me , gurus :)

Hello Everyone,

I am 33M, married with one kid (4 months old). Currently living in Europe, but want to retire in India.

I started investing regularly in 2015. But did not start proper goal based investments until about 2019.

Here is my current status:

Emergency Fund: INR 25 Lakhs

1. 60% in Arbitrage Funds
2. 25% in European Bank account
3. 15% in Indian FD/RD

Retirement: INR 1.7 Crores

1. 25% in Indian Equity/Index Funds
2. 30% in US Stocks (RSU) / Mutual Funds
3. 30% in Indian Debt Instruments (PPF/RD/Mutual Funds)
4. 12% in an unlisted startup
5. 3% in Crypto

Child Goals: INR 50 Lakhs accumulated so far for education and marriage of first child. Planning to have a 2nd Child in a few years. Have accumulated about INR 8 lakhs so far.

Liabilities: Have a flat currently valued at 1.5 Cr (Not included in the retirement corpus). Pending principal amount on home loan: INR 50 Lakhs The flat is currently rented out

Estimated post-retirement monthly expenses in India (based on Europe expenses and converting by cost of living): INR 91,000

My plan:

1. I am planning to get citizenship of the European country I live in in the next 2-4 years.
2. Pay off my home loan principal in the next 2 years
3. Accumulate 51X (where X is annual expenses in India) corpus by 2030. (Currently at 15X)
4. Accumulate a corpus of 6 Cr for my children's future goals by 2030 that can grow till 2040, when it will start getting used.
5. Return to India in 2030

Assuming I am able to hit the above goals. Do you see any major flaws/misses in this plan?

A little new to this community, and not sure if I am calculating the right way. Below is my status:

I am 32 (married), and hit a combined net worth of 2Cr (?)

Allocation mix:

• Equity 50%
• Debt 11%
• Gold and Cash 15%
• Real Estate: 24%

Granular split:

• Indian Equity (Mutual Funds only): 40L
• US equity (Nasdaq FoF): 4L
• Stocks from prev employer: 29.5L
• Stocks from current employer: 25L
• NPS, EPF, PPF: 13L
• Real Estate: 52L. This is one flat we own (no loan) in my native tier 2 city, currently occupied by parents. (Should this be included in NW? Parents have their own flat which is on rent)
• Emergency corpus (liquid instruments): 16L (~10 months of my runway)
• Partner savings: 23L (10L in EPF, 4L cash, 9L physical gold which is unlikely to be sold)
• Other assets: One flat that I currently live in. There is a home loan against this. Bought for 1.7Cr, Outstanding loan 1.14Cr, Current market value 2.5 Cr. I am not counting the flat as I live in it. Also, not including the outstanding loan. Reason is, if push comes to shove, I'll sell the flat and clear the loan.

I have been investing since early 2017 and started really small (had to clear off education loan of ~22L before I could invest significantly). Was doing a SIP in Indian MFs till about 6 months ago. Skipped the last 6 months to clear off home loan on the first flat. Will restart again.

Current monthly expenses: ~1.7L as a family (have one 2 yr old kid). On top of this there is home EMI of ~1.07L

My questions:

1. Are there any mistakes in the above calculation? Should I factor in any other nuances?
2. How do I take it to the next level from here? Most of the gains in the past have been due to the bull run - both in equity markets and job market. I don't see my salary going up anytime soon meaningfully.
3. I haven't been super disciplined with investments. Sold about 17L of Indian MFs and 26L of company stocks for home downpayment. Is this right? Hopefully I shouldn't need to do this anymore.
4. Also, the day I try to liquidate any of the above items there will be tax levied. For e.g., if I sell the flat I will end up paying capital gains tax. In such cases, should the NW be calculated after removing the tax? Right now, all the numbers are the current value and assume no tax.

​

Thank you so much!

r/FIREIndia will go dark during Jun 12-14 in protest of reddit trying to end third party apps

35M working in a Fortune 500 company. Had crossed 1 Cr net worth around Apr 2020. I crossed 2 Cr in May 2023. Here's the split:

Equity: Direct stocks: 1.29 Cr Equity mutual funds: 4.8 lakhs Company shares: 3.1 lakhs

Debt: EPF: 0.29 Cr. NPS: 4.1 lakhs SGB: 3 lakhs

Real estate: 0.4 Cr.

No loans.

Insurances: Term: Personal 2 Cr., Employer: 2 Cr. Planning to increase personal to 4 Cr. Health: Personal 1 Cr (family floater), Employer: 5 lakhs

Had barely focused on saving rate earlier but taking it seriously from last year now after following this community. Saving approx. 2.5 to 3.5 lakhs per month and putting them all in direct stocks.

Always worked in some or the other Forbes 500, slowly climbing corporate ladder. Never worked for the start-ups which I regret now when I look at much younger folks in much better FI level. But everyone has his own journey. So it's fine.

Next short-term target: Reach 2 Cr in stocks by 2024 end.

Long-term target: FIRE ready by the age of 45 to 48 at about 40x cover.

Actively investing in stocks with the help of an advisory that helped me immensely in 2020 bull run. My earlier portfolio was in majorly equity mutual funds but given the good performance of the advisory, moved all the funds to direct stocks. All the money in about 15 odd stocks, mostly small and mid caps. I'm firing all guns since my risk appetite is currently high with no liability from family. I lost 25% of my portfolio in March 23 but could stomach the volatility and it's back to normal levels now.

Parents are decently wealthy and self dependent. Wife is earning and manages her own expenses, one young baby who's yet to join any school. Planning to diversify this year by adding more real estate this year, mostly land.

Suggestions, questions and comments welcome. Will post my progress here at the next milestone.

I am 35 year old and been working for 13 years and this week crossed a major milestone.

I am from a middle class family with no inheritance. My father worked in a bank. I got good education and graduated from a premier institution. I was always conservative and spend cautiously from childhood.

Once I landed my job, in 2009. I always used to save approximately 50-60%. Now it is close to 75%.

I am married with wife and two kids, and a dependent mother.

For the first 6 years, I was mostly parking money in FDs in my father’s bank. When my dad passed away, I started managing my money. I would like to thank Freefincal and Asan Ideas for Wealth Facebook group for being the teachers.

I bought a home without loan, when I had sold my company stocks. Since this is the home I am going to stay, I don’t count it under net worth.

Asset Allocation

Indian Equity: 37% (Index and PPFAS Flexi) US Equity: 15% Debt: 30% (EPF + Debt bonds + FD) Real Estate (Rented out Apartment): 10% Gold (SGB + Physical): 5% Crypto: 1% Startup Seed: 2%

Term Insurance: 1 Cr and 4 Cr two policies Health Insurance: 10L base and 90L super top up

I am estimating my expenses to be at 2L per month for a conservative estimate, assuming children education and other non trivial expenses. So, I am at 20X now. I would convince myself that I am FI, when I hit 30-40X.

I have been working at startups and spend 10-12 hours on work daily, so retirement plan would be to move to a part time role or move to an MNC. Then spend more time with family with reduced urgency at work.

I have a decent debt allocation, but will increase my equity allocation to 60 over next few years.

Hello! I am a 30y old, married, no kids, but planning for 1 in next 2-3 years. We operate on combined finance (separate bank accounts, but merged monthly excel tracking). Both of us are salaried, and income increases at an average rate of 8%-10%.

Total Monthly Income (Including deductions, excluding tax): 3.3L (330k)

This excludes annual bonus of 2.5-3L, and RSU stocks of 7L

Planned Expenses:

This turns out to about 62,500 → rounding up to 65,000.

Add to this vacation, home visits and gifts → another 4l a year

We are currently in a decent 2BHK (rented), and purchasing a 3BHK at 1.3 cr (initial 20% down paid, EMI yet to start, under construction, 1cr loan).

We currently do not own a car, but plan to have one (Tata Nexon or equivalent ~ 15L) maybe in 2-3 years.

Because of the home EMI, and saving up for closing cost and interior (required in 1.5 - 2 years, stashing in RD), current savings/investment are on the lower side: 80k-1L spanned across EFP, NPS, MF, FD/RD. We have mostly depleted our emergency fund for the downpayment, and our parents are currently serving that role. They are (reasonably) financially independent (pension).

We currently have about 1.1cr across all our investment & savings, excluding house and other depreciating assets. We have been working for about 8 years.

FIRE expectations:

We would love to get into FATFIRE. We want to inflate our living a bit, go on more vacation and hopefully own a luxury car (Audi/BMW, but this one is more of a good to have). I did some basic calculations for normal FIRE and found in 15y, about 10cr should be fine. How much do we actually need for FAT FIRE and is it achievable in 15 years? If not, Is it achievable in 15 years if we start freelancing at that point and expect to earn 50k (50k at 15 years from now, not inflation adjusted 50k of now) per month?

Please let know if I missed any important information.

​

PS1: We both have personal term policy worth 1CR each and corporate term policy worth 1cr (combined). Currently we both have overlapping corporate family health insurance of 11L & 5L. Our parents have their own all inclusive govt health plan and they are also included in our health plan. We are also planning to have our personal health plan in 1-2 years.

I crossed my first 1cr milestone yesterday; I was awaiting my May salary credit with the same excitement (if not more) as my first paycheck.

Background: 27M from a middle-class, education-first focussed family (father was a government servant, moved throughout the country during transfers, mum settled in the city so our education wasn't disrupted). Finally, their sacrifices paid off; I got into one of the top-ranked institutes and started working right after college, switching once in between.

Current distribution of assets:

• Equity (~70%)
  • Mutual Funds:
    • US Markets Index: 15.6L
    • Nifty 50 Index: 28L
    • Parag Parikh Flexi Cap: 7.25L
    • Other active MF: 1.7L (plan to remove these during re-balancing)
  • Direct Domestic Equity: 17L
• Debt (~25%)
  • Liquid Fund: 1.15L (will be moving this to FD)
  • FDs: 2.6L
  • Cash: 6.85L
  • EPF: 14.25L
• Gold: 6L (only SGBs)
• Real Estate: 0.5L (recently started exploring REITs and will be increasing it, hence kept it under this head)

In the above calculations, I'm yet to consider any inheritance (insignificant) or ESOPs that I have vested from my employer (since it's paper money).

Investment strategy: Experimented with active mutual funds initially but switched to passive investing after exposure to the idea. I started with some money for actively picking stocks that I liked (domestic market only) and did well (~40% returns), which became a portfolio of 17L. I understand that I do not have time to track the markets; hence most of my savings go into index funds and stocks whenever I feel like shopping (mostly existing ones I've researched already). Apart from that, I already have sorted out term insurance as well as health insurance for me and my family.

Major expenditures ahead:

1. Marriage with my long-term girlfriend.
2. I wanted to take my family on our first international vacation for a long time, will do that now.
3. I'm contemplating pursuing higher education outside India as well.

Personal preference: Retiring early was never my goal; it was rather financial independence behind building a corpus. The mental peace of not worrying about the financial implications even if I leave work was something I was after. I don't have any loans at the moment, nor do I plan to buy a home until I finally wish to settle this would allow me to move whenever and wherever I find a better opportunity. Also, this corpus could allow me to take calculated risks (either starting a business on my own or joining someone else's early stage) if I find something interesting.

I couldn't tell anyone about this milestone; I quietly celebrated with myself when I saw the "salary credited" notification on my phone. I have lurked here long enough, reading about the experiences of other folks who've already FI/REed; I thought I could, at least share my journey with you guys.

I am happy to share that yesterday we reached 1cr milestone. It's mine + my better half's combined investment.

High level combined portfolio breakup:

1. Foreign Company Share - 9.62%
2. Foreign Sector ETF - 10.64%
3. International Index Fund - 17.38%
4. India Index Fund - 28.65%
5. Indian REIT - 18.63%
6. Indian Mutual Funds - 15.08%

I didn't want to include our home equity, since we need that house and will not be able to monetize it.

Personally I would have preffered to hit this milestone before I hit 30yrs. Expenses related one_off_family_major_expense/house/car has pushed it out further. Nevertheless I am happy that we reached this milestone.

It's been a 10year journey from the time I was determined to persue FIRE. I was deeply influenced by "Mr Money Moustache" and "The Dave Ramsey Show." 10years ago I thought I could fire once my portfolio reached 2cr (forgot to project the requirements of growing family). Now given that it's been few years since i married, 2cr seems too low. 6cr looks to be a good goal to persue. I want to hit 6cr before I turn 40 so that I will have atleast 10years of active life to persue a different career. Only time will answer if I can reach that goal.

At home we celebrate by cutting cake 🎂 with "1cr milestone" written on it.

I am planning to plan for kid's education and marriage costs in India. What do you guys think a reasonable estimate for graduation, post-graduation and marriage costs today. I know that it can vary a lot but want to understand reasonable estimates based on your experience or planning.

Also is 10% inflation is decent assumption while planning?

​

What could you talk about?

• Are you a FIRE beginner wanting advice? We'll try to help!
• Have you started your FIRE journey? Tell us!
• Have you hit a net worth milestone? We want to be motivated!
• Insights from work life or daily life? We are all ears!
• Just feeling lonely and want to hang out with FIRE-minded people? That's why this sub exists!
• Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics/trading still apply!

We have a Wiki that is constantly being updated, so please do read that if you are new here.

Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

Self-promotion (ie posting about projects/businesses that you operate and can profit from) is typically a practice that is discouraged in r/FIREIndia, and these posts are removed through moderation. This is a thread where those rules do not apply. However, we do not accept ads, content that is scammy and please do not post referral links in this thread.

Use this thread to talk about your blog, talk about your business, ask for feedback, etc. If the self-promotion starts to leak outside of this thread, we will once again return to a time where 100% of self-promotion posts are banned. Please use this space wisely.

Link-only posts will be removed. Please put some effort into it.

Hello All,

I am 31, male, employed in a SBI as Manager (got promoted this April, not pensionable), unmarried and am interested in becoming FI at the earliest. Here are my previous posts: Link 1, Link 2 & Link 3

​

Income:

• Gross Salary : 117000 per month before tax
• Net Salary: 85000 after IT, statutory deductions & such
• Perks: 15000 per month (plus rent free accomodation)

​

Existing Corpus:

• NPS - 18.40 Lakhs
• PPF - 4.0 Lakhs
• EPF & VPF - 13.0 Lakhs
• Mutual Funds - 13.0 Lakhs

​

Savings / Investments:

• EPF: 7000 from Gross Salary plus 7000 by bank i.e. total of 14000
• NPS: 9800 from Gross Salary plus 13800 by bank i.e. total of 23600
• MF: 25000 into equity mutual funds
• Savings Bank: 650000/- @ 7%

​

Debt:

• 13 lakhs @ 5.95% , it is sufficient if I service interest every month.

​

Expenses:

• 3 lakhs per annum
• Purchase of Car by December around 7-8 lakhs (10% down-payment & the rest loan)
• House by December 2024, around 1.5 Crore, (20% down-payment from parents & the rest loan)

​

Currently contributing 26000 into various MFs. Plan is to move funds lying in SB into UTI Nifty index fund, HDFC sensex fund, HDFC focussed fund, SBI small cap & HDFC flexi fund i.e. increase monthly contribution into SIP to 90000 per month for the next 10 months to increase exposure to Equity.

​

Pointers & help greatly appreciated

Joined this community recently. Come from an upper middle class background. Parents still working late into their 50s and early 60s. And I can’t help but wonder what drives them haha. So here I am attempting to get out of the corporate rat race.

Started out when I was 26 (I’m 32 now) with little to no savings and in the time since have accrued 1.9Cr of networth. Journey so far has been of frugality though this has changed materially since marriage 2 years ago. Daily drudgery of showing up at work wearing a fake smile and attitude is taking a toll on me and so I have been trying to accelerate the path to RE. I would ideally want to get out by 38 if not before. Few questions

1. My approach to calculating FI number gets me to 6Cr is enough to FIRE in a tier 2 city (flexible) in India. Math checked out for me but going through this community last few weeks has cast a doubt in my mind - I have read people with 15Cr+ FIRE goals, several with 20Cr+.

I’m not one to compare myself with others but can’t seem to question my computation looking at everyone else’s numbers. Am I too optimistic with my fire networth or are others too flamboyant?

2. Key variable to RE is post tax return on corpus. How do we build predictability in that with an equity dominant portfolio?

I (30y) have been a lurker here for a while and have been pursuing FIRE for approx. 3 yrs since joining govt. sector. Its been a hard and slow journey so far. My income is not impressive enough for me too go full ninja, but still managed to invest in mf for around 10% of my paycheck which has amounted to only 1.5 L in about 2 yrs. And i have the usual deductions like epf and nps which is great but the lock in periods and withdrawal conditions are restrictive. I was aiming for 1 cr at age 45 which seems a mirage now. So basically i want to know about any insights from a similar individual about how to approach and is it possible for me to pursue FIRE further?

Been working for about 11 years now with a gap for MBA in between! 34, Married but no kid yet, neither any property or debt/EMI obligation

We plan to have a kid + but a smallish property (1 cr. on peripheral area/pune)

Parents flat is under redevelopment (self redevelopment) ina good part of Mumbai metro. I have made payment of 16 lacs towards this, out of which I should get back around 9 lacs (builder has taken 3500/sft from everyone as a construction cost, he will return 2100/sft post construction with 9% simple interest)

Investments so far - Mutual funds - 43 lacs Stocks - 25 lacs Small case - 2.5 lacs

PPF - 10 lacs EPF - 11 lacs

Total - 92 lacs

Wife has a saving of about 10 lacs, not counting that

I invest about 60k/month in MFs, wife doejs about 30

Too drained out from corporate life and thinking that this is enough and let me take up some better quality work is a passionate field even if I esen only 40% of what I am paid right now

Is it too early for that?

Edit: staying on 40k/month rent currently and monthly expenses is about 65k

Edit 2: current take home for me is 220k/monthly, wife is about 80k/monthly

Also, have been investing in LIC endowment for 13 years now, so that should mature in 2036 with about 18 lacs amount + tiny NPS savings

PS: thanks for the queries and the replies! Really appreciate it, have answered all.

TLDR:; manage stress, go for a job that interests me, FIRE is far away, need to increase investments

Brag post alert. Family: DISK Monthly Expense : 70k Monthly combined income : 3 lakhs after taxes No loans, own a home and car in Bangalore. Fully paid up. Target "X" : 60x Age : 39

Found this video posted.

They didn't take inflation into account and hence allows for withdrawal of 6% I.e. much higher than 3% that we normally consider here.

https://youtu.be/kV_pyRcUhAc

I am 34 M. I have a wife and a 3 year old child. Started my journey quite late (at 32 years of age).

We live in a metro city in India. We don't own a house (We live in my parents' house). I have a car (in father's name).

NW - 1.5 Cr (doesn't include house and car)

Split:

Property - 30% (an investment separate from the current place we're living in)

Equity (MF) - 12%

PPF + NPS - 25%

Cash - 33%

Our combined income is 4.5 lakh per month.

Goals : To buy my own house (Kothi, not a flat) in metro city ~ 7 Cr. This goal is flexible. I might go for a flat or a smaller house, if the original goal feels difficult to achieve. We also plan to have a 2nd child within the next year.

Expenses: 60k per month. Trips and non-regular expenses not included.

Queries:

1. What should by my FIRE goal? I am struggling to understand what parameters to look for while deciding that. Also, should I think about it only after purchasing a house?
2. Looking for feedback on my investment split, which would help speed up in reaching my goal of buying a house.
3. How does my FIRE journey look like overall? Any feedback will be helpful. I'm fairly new to this sub, and have noted that there are many learned folks here.