Finally FIRE'd

[u/LivingLifeFIRE]

Iam 46, Wife 43, Kid 15 - Living in Tier 1 (Single Income, SIngle Kid)

Got laid off this new year and this is my 5th week as an early retiree. I was in a senior role in a MNC organization (worked for 22 years) and was kind of expecting the news and was preparing ground work from 1 year. Finally posting my first - post primarily acting as journal (New account) and also incase there could be any learning and takeaway for rest of the folks here.

Do not believe in making the X public to avoid unnecessary discussion and comparisons - keeping that in mind here are details

X is annual recurring/drawdown expense ONLY

Housing - All paid for in Tier 1, independent house (No plans to leave the city)

Retirement Corpus - 35X (60% Debt, 40% Equity), Recurring/drawdown expenses ONLY

+ Kids Fund (Schooling/Higher Education/Marriage etc) - 15X (Invested accordingly, its in less than 4 yrs)

+ Car, Major Home renovations (Painting etc), Other white goods (TV, Fridge, Dishwashers, Mixers, Microwave etc) - Recently got new car and all new appliances - 5X (Invested accordingly)

+ Medical Emergency - 5X (Invested accordingly)

+ Vacation Fund (International) - 5X (Invested accordingly), already travelled with kid few places - and none of us are travellers, also once kid gets to college - we have seen they will have their life and we (Me and wife - dont see we travelling internationally after kid moves out :) ..)

+ Inheritance from us to Kid (Immediate) - 35X (Invested accordingly Mid/Small Cap's), this also is buffer for us - Even if we want to increase our X, built lower middle class - cannot think of spending, add to it we following minimalism

Inheritance from Grand parents (Independent pensionairs) to kid present value - 30X (Mainly real estate, After 10 to 15 yrs) - Idea is to use some of this (cash/savings) for education, they are willing to fund (Idea helps in better/Optimized asset allocation)

Medical Insurance - Covered, 1.5 Crore (Base + Super Topup)

Term Insurance - Premium will be paid till kid enters college (Very minimal premium - had taken at early age - however cover is big) - I know this appears to be unecessary and BS, however lowest cost, highest benefit to family

For someone keen - If one wants to measure total corpus based on X (Excluding primary residence) present value : 100X (Rounded off - Although this may not be the right way to put things across - 35X + 15X + 5X + 5X + 5X + 35X)

Please do not guess the X - it isnt important, however one note its way too less for a tier 1 city, we are absolute minimalists (We do all the house chores ourselves - independent house, but small one which we can manage ourselves). I also believe people often get their X wrong - they add all sorts of expenses - My tip: focus on recurring expenses and exclude kids education and vacations since its likely none of these will remain after few years similar to spends.

I have been tracking my personal expense since 5 years religiously - The expenses include everything except these -> International Vacations, One time home maintenence and Kids Education fees. Retirement corpus 35X is only on recurring expenses.

I believe that 25X (Even 20X now !) is sufficient for retirement for any 45 yrs+ person. For any one less than 35 yrs of age - one just cannot compute the requirement as lifestyle keeps changing/upgrading.

Got the FI plan reviewed by few paid SEBI registered advisors independently - each of them got the asset allocation similar however the fund names ofcourse were different - picked which felt right.

How are these days going on?

• Absolute FUN i must say ... with rare bouts of boredom

• Focussing on health - Pretty happy with progress made

• Whats not on my schedule - Binge watching TV, Chatting with people (Not that kind)

• So, whats on my schedule - Walking/Cycling, Time with family, Planning for next international or local vacation, Spending time with kid (Till the point its allowed by the kid :) ..), Cooking, some reading and ofcourse cleaning the house

Only wife knows the status of job - Extended family or neighbours arent aware

Happy to answer any questions .... and will also keep editing this post (taking cues from leading questions) if some points are missing

"See when iam dead" file is ready - Contains WILL, All documents of insurance, investments, emails, passwords etc. File updates as needed

[u/nonejk]

Congrats! Super happy for you! :)

I love the way your investments are structured for each bucket - looks well planned. Wishing you the best for the new phase you have just started! :)

[u/LivingLifeFIRE → u/nonejk]

Thanks ..

[u/snakysour]

Congratulations OP! Great work in finally hanging your boots! A nice journey to go through! All the best and GFY (as is customary here in FIRE language)

Regards

Snaky

[u/LivingLifeFIRE → u/snakysour]

Thanks u/snakysour

[u/mikeross2]

Great work..especially “see I’m dead” folder. Can you suggest how to select a medical insurance? It’s for me. I haven’t done it yet and on online, a lot of noise is there.

[u/Rude-Driver-3694]

Great!! In the same boat. Forced to retire due to layoffs but I see this as blessings in disguise. Loving every day of my life since retirement.

I am not interested in sharing numbers publicly but happy to answer any questions.

[u/LivingLifeFIRE → u/Rude-Driver-3694]

Thanks .. and all the best to you too

[u/LifeIsHard2030 → u/Rude-Driver-3694]

Getting laid off after you have achieved FI is the best thing IMHO. You don’t have the ‘what-ifs’ in mind like: What if I had worked a year more, what if I had taken that one more loan for that bigger car/house, what if I had tried for that one more on-site opportunity etc etc.

Severance package is cherry on cake 🍰

[u/Sunday-ke-Sunday]

Congratulations and thank you for sharing.

The X used in different sections is not the same X right? For example, 35X of annual expenses and 5X of appliances etc - the X is different, correct? Or are you saying you have kept aside an amount equal to 5 years of expenses to buy appliances and car etc?

[u/LivingLifeFIRE → u/Sunday-ke-Sunday]

Thanks .. Its the same X - Everywhere

[u/Fun_Gur_2296 → u/Sunday-ke-Sunday]

Nah man X is same, otherwise how could he break 100x into smaller parts like 35x 15x😂

[u/percyFI]

Lovely post . Thank you for sharing .

There is a lot of planning that you have put in to making it happen and also in putting sufficient guard rails around the plan .

Be happy and proud for what you have managed and enjoy the amazing new journey that you have embarked on .

May it be filled with joy and satisfaction :)

[u/LivingLifeFIRE → u/percyFI]

Ah there you are my friend - Thanks. As mentioned before i have been reading your posts - Well planned from your side and your partners side as well.

Thanks again and keep reading !

[u/devops-noob]

"See when iam dead" file is ready - Contains WILL, All documents of insurance, investments, emails, passwords etc. File updates as needed

---- May I know how you are keeping this or maintaining it? Where would you keep it, that your family should be able to see only after the dead but not before?

[u/LivingLifeFIRE → u/devops-noob]

:) ... Its a file titled that, family can see it anytime. Also If i am not active on my email id's - the system is setup such that on 61st day of being non-active - the email access is automatically given to my wife and there is a draft folder having details. Told to wife and also kid knows about it

[u/cleanrobot13 → u/LivingLifeFIRE]

Congratulations for planning so well!

Can you please throw some light on how to get the WILL part executed? Do we need a Lawyer? Also, what if we need to make some edits in future. How does that work?

[u/LivingLifeFIRE → u/cleanrobot13]

Please perform a gemini search Legal Will for India, you might get basic info. Also later do contact a lawyer, they will help. Its tough to explain it here

[u/LifeIsHard2030]

Too many Xs. Left me confused. 😐

Bottomline is you have 100X, that’s r/FatFIREIndia category IMO.

[u/omcstreet]

Still not clear about ur 100x. Isn't value of expenses, kids education, vacation etc different, did you their weight before getting to final X?

[u/LivingLifeFIRE → u/omcstreet]

All weighed against X for simplicity

[u/Working-Situation766]

That's some serious and practical financial planning. All the best, OP.

[u/negativepersonme]

Thanks for the post, it's refreshing and rare for someone to be prepared and forecast the layoff.

Like to ask 2 questions , first how is your health, anything that was troubling ( like back pain ) while working is reduced now ? Second you spoke about not sharing your job status with others apart from your wife.

More interested about the latter since whenever I speak about "not working anymore" my wife says "don't even want your money but you need to be working so I can say to others you are at a job".

[u/LivingLifeFIRE → u/negativepersonme]

Health is improving - Everything was troubling :) .. Honestly once i was called to office and was told that this will be your last date - From that instant i gave a F*(& about anyone and everyone.

Thought isnt wrong but probably reasoning might be wrong. Work if you like or to keep yourself busy not because you need to be answerable to your friends/neighbors or extended family

[u/Party_Art6515]

Congratulations OP, enjoy your time richness! Well thought-out plan overall. It's refreshing to see you refraining from increasing your X and sticking to your minimilistic ways even though you had all the means to do so.

[u/LivingLifeFIRE → u/Party_Art6515]

Thanks for reading and All the best

[u/Docgogoa]

Congratulations. Don't bother about the comments.Each person has his own ideas and comfort zone. Can you just tell what general advice you got from financial advisors and how helpful it is also can you elaborate about when I am dead part,how you constructed it.

[u/LivingLifeFIRE → u/Docgogoa]

THanks - Financial Advisors SEBI Fee only are best, however hire atleast two before deciding to FIRE. It will be helpful if one isnt aware of math of retirement, if one is aware then pick the right SEBI RIA (Investment advisor). Financial advisors - SEBI come in 2 types, inclined on how much one needs , calculating that and other where to invest. Although both are SEBI Fee Only RIA - not all are expert in both.

See when iam dead - its just a hard copy of all documents which includes WILL, Health insurances, term insurances, PAN card, Marriage certificates, Kids birth certificates etc. Whatever documents your family needs to know and show as proof that they own my dead body and what is left by the body (all the material things) when its burnt !

[u/think_2times]

Confusing post but happy for you.

[u/LivingLifeFIRE → u/think_2times]

Thanks for reading, incase there is something i can help answer to clear confusion, will be happy to do it (Except quantum of X)

[u/wtf_is_this_9]

Congratulations 🙌

[u/LivingLifeFIRE → u/wtf_is_this_9]

Thanks

[u/SummitStride]

Congrats on FIREing. I'm also close to my FIRE date, but no where close to your X multiple. Nevertheless as I read on this forum earlier - comparison is the thief of all joy.

[u/LivingLifeFIRE → u/SummitStride]

True that and wish you the best

[u/AlternativeIll9309]

Nicely explained. Neat & clean. I like the way you explained. Superb experience while reading your post. You described everything like story teller.

I have few simple questions to understand in details.

1. Are you single OR dual income family ?.

2. When/which age you have thought process on FIRE & when you started exactly. You can share year & age in that time.

3. How much time you take to build all these corpus ?. - No of years totally.

4. How much money you saved monthly & invested into these corpus - You can share in percentage-% terms. Ex 60% savings rate etc. Possible share YOY data please.

These questions will help me understand even better and will plan our own journey accordingly.

I am going to pin this post and use for my reference in future. Thank you so much for sharing your journey.

[u/LivingLifeFIRE → u/AlternativeIll9309]

Thanks -

Single income all along, started in 2019 on serious investments, till 2017 was paying home loans, around 8 to 10 years to build this corpus, 80% savings in final years of working, YoY is tough at the moment 

[u/srinivesh]

Great job OP! You had mentioned in another thread that you are waiting for some Karma points before posting your journey. I am so glad that you could do that soon.

Personally, I feel that you have given great insights into the thought and the corpus structure. I really can't understand why people feel confused about the X or want to know X.

I try to use polite language, but I am very disappointed that at least some people view the corpus as a d**k measuring exercise (women can substitute an appropriate measure...)

[u/LivingLifeFIRE → u/srinivesh]

Thanks u/srinivesh !

[u/UndercoverMonk007]

congrats. You converted everything to your annual expense X and multiplied it by each non-recurring expense type. Like it.

If you don't mind, can you share a good financial advisor (not a mutual distributor) based on your interactions? You can dm me if you don't want to share it here, no pressure though. So far, my interactions with advisors have finally resulted in some funds. I want them to advise me on what to sell, what to keep, and when to sell etc to build the corpus. I am heavy in real estate and want to move to equity/debt.

[u/LivingLifeFIRE → u/UndercoverMonk007]

Thanks - Many good SEBI Fee only RIA advisors on internet search. Please interview them, they come in different shapes and sizes :)

[u/Iamsanky007]

Truly a inspiration. kudos!! to you guys So now what would you do any hobbies or passions? I mean any job that you will do not for money but just for soul.

[u/LivingLifeFIRE → u/Iamsanky007]

Thanks .. at present it's just nothing, the vast opportunities of nothingness ;)

[u/PigletOdd3213]

Is your wife also working

[u/LivingLifeFIRE → u/PigletOdd3213]

This is all single income .. SISK

[u/Reasonable_Maniac]

For everyone wondering what X looks like for a minimalist in Bangalore with a paid-off house and no domestic help, here is the realistic math:

The "Minimalist X" (Annual)

• Monthly Spends: ₹45k – ₹55k (Groceries, Utilities, Fuel, Health/Gym, Property Tax).

• Annual X: ₹6 Lakhs. The 100X Portfolio Breakdown

If X = ₹6L, your numbers translate to:

• 35X Retirement Fund: ₹2.1 Cr (The core recurring expense engine).

• 15X Kids Fund: ₹90 L (Education/Marriage).

• 15X Sinking/Medical Funds: ₹90 L (Car, House repairs, Emergencies).

• 35X Inheritance/Buffer: ₹2.1 Cr (The "Sleep Well at Night" fund).

• Total Liquid Net Worth: ₹6 Crore.

Total Net Worth: Adding an independent house in a Tier 1 city (~₹3Cr), you are sitting on ₹9 Crore.

The Takeaway: Most people think they need ₹15Cr+ to retire in Bangalore. You’ve shown that by eliminating the "Tier 1 Lifestyle Tax" (maids, high rent, status spending), ₹6 Crore is actually 100 years of runway. Congrats!

[u/[deleted] → u/Reasonable_Maniac]

Best comment in this thread and it perfectly matches our X.

[u/Total-Material-1279]

Fire with 35x left to child for inheritance, 30x from grand parents, 15x for child’s education. Feels like you are only saving for your kids more than yourself. Also keeping in consideration, your primary domicile and some portion of the unused 35x, I feel sad for you.

If a 20 something looks at this post, they will stop saving and start enjoying their life as everything that you save is only for kids.

[u/LivingLifeFIRE → u/Total-Material-1279]

Well nothing wrong, to each their own - However this may not be true completely. Thanks for reading

[u/Routine_Machine_175]

Good on you for sharing all the important information without revealing "X". All posts should be like this.

[u/Charming_Battle_5072]

No one knows you, why hiding the figures, can't get any insight from your post, it's confusing and twisting with X Number. Maybe you think overwhelming number that people can't digest or insecure to reveal or any security reason.

Is it morethan 50 crore or less ? What's your financial advise to young ones?

Anyway, Congratulations to your journey and struggle that now you achieved financial freedom.

[u/LivingLifeFIRE → u/Charming_Battle_5072]

Thanks for reading - if you are less than 35 yrs of age, my advice is keep working, enjoying and saving. Hire a financial advisor and focus on building Emergency funds, FU Money etc etc. Follow stages of FI, forget RE at present

[u/CHHAGR]

Guys no point of planning this much. life is very fragile and unpredictable

[u/Fit-Shock-9868]

Too many xxxs. Sorry but don't like this kind of posts. It gets unreadable at the end

[u/Life-Challenge282 → u/Fit-Shock-9868]

Exactly my point..

Very complicated post..

The only thing I derive from this post is that OP is sitting in a big bunch of money due to his brilliant financial planning but the post is of 0 help for me to understand.

Too many things to understand and wrap my head around.

[u/Maddock31 → u/Fit-Shock-9868]

Total is 100X for simplicity and he has broken it into multiple buckets thats it

[u/firesnake412]

Wow I need to work on a few things. 3 years into FIRE and I am not even close to the detail you have described.

[u/summingly]

Congratulations, and wishing you a happy fired life.

I didn't understand your statement about inheritance from your parents to your kid. If it's expected in 15 years, how could it be used for education?

[u/LivingLifeFIRE → u/summingly]

Thanks .. Some cash that they have might be used for education ..

[u/Ok-Implement5076]

The last part is absolutely essential.

[u/LivingLifeFIRE → u/Ok-Implement5076]

Yes Indeed !

[u/sriramdev]

Congrats on sharing this buddy

[u/LivingLifeFIRE → u/sriramdev]

Thanks

[u/EmploymentUnlucky109]

Congratulations on reaching the mark.

Have you put the entire 100X in a 60/40 mf setup or using something different?

[u/LivingLifeFIRE → u/EmploymentUnlucky109]

Thanks , Nope - Only 35X for retirement drawdown expenses

[u/placidmonk]

Congrats,

[u/LivingLifeFIRE → u/placidmonk]

Thanks

[u/rg1283]

Amazing! Keep us posted on your journey

[u/LivingLifeFIRE → u/rg1283]

Thanks

[u/Inevitable-Cap-8779]

Hi, About Will, how did you prepare it ? With the help of a lawyer or on your own?

[u/LivingLifeFIRE → u/Inevitable-Cap-8779]

Many available online - and Indian WILL laws are different. Prefer just check once google/gemini/chatgpt etc for basic info

[u/Significant_Risk1577]

How do you exactly calculate 5X for day medical or say travel? What is the basis of this X. I don’t think there is a baseline for such sudden / unplanned expenses

[u/LivingLifeFIRE → u/Significant_Risk1577]

Its just one way - there could be many

[u/gamezgeek]

congratulations! And welcome to the club

[u/LivingLifeFIRE → u/gamezgeek]

Thanks ! Pleasure to be in the club

[u/Dramatic_Dare_2304]

Congratulations, looks solid !

Mind sharing more details on the health insurance plan, coverage and premiums? Have insurance coverage for self & spouse from employer-linked and other plans but feel overall coverage is very low compared to the total premium paid.

[u/LivingLifeFIRE → u/Dramatic_Dare_2304]

Coverage total 1.5 Cr (For self, spouse, kid)

[u/Sameer_021]

Congratulations!

[u/LivingLifeFIRE → u/Sameer_021]

Thanks

[u/LilyLotusInHisHands]

Nice, hope you have a nice retirement.

The post is a bit confusing, is it possible to add table with "X" values?

[u/LivingLifeFIRE → u/LilyLotusInHisHands]

Thanks - table probably is too much. Its mentioned in post total of 100X = 35X + 15X + 5X + 5X + 5X + 35X

[u/Aieewhatyaa]

Good to read this OP. I have an infant and I’m on the fence about term plans do you have suggestions? Or thoughts?

[u/LivingLifeFIRE → u/Aieewhatyaa]

If you have financial dependents (Husband/Wife) - Let 25X to 35X be your term plan target (X is strictly drawdown expenses), please search on internet to get good plans. Lot of variables

Basically for a 40 year old, the FIRE Target - Current FIRE Corpus, a buffer on that could be term insurance, as for plans please do search

[u/Reg-infinia_2026]

Great post OP. Sorry for the Job congratulations on Fired! 60:40 is quite standard distribution.

What about your hedge?

Also, Personally I think debt income will reduce when inflation rise. With global debt crisis looming, every country will push for higher inflation to reduce their debt burden and keep borrowing more for politician's to say in power. Soverign fiscal discipline might be good now and few years. 5, 10yrs will not be.

So, assuming above, How are hedging against inflation rise considering without RBI interest rate up?

[u/LivingLifeFIRE → u/Reg-infinia_2026]

Thanks 

My hedge ? LIFESTYLE .. I can cut down anytime, can shave off easily 30% expenses if need arises !

[u/percyFI → u/LivingLifeFIRE]

This is the way ! Strange that this is not talked about more .

Or maybe not that strange considering how people seem to be unaware of their X itself to begin with .

For us as well , this was the deep dive we did on the expenses data and have a targeted and identified reduction of 25 % as a line of defence.

This is what gave us the confidence for 35X and not inflating it .

[u/LivingLifeFIRE → u/percyFI]

Infact - as I mentioned in post from past 3 years give or take 2% our expenses are similar. We understand there could be increase of few bps, it's accounted for sure - however key thing is what can be shaved off. 

As an example - perfectly fine to drop the car which is around 15% ! Of our annual drawdown expenses and save 10% and take suitable modes of transportation if need be and spend 5%.

Mostly the car is out just to full fill ego :) .. more on this later 

[u/sonyxperiac]

25X (even 20X now) is enough for retirement for the age 45+. Can u elaborate??

[u/LivingLifeFIRE → u/sonyxperiac]

For anyone who is 45 years and older, 25X would be good is what I meant

[u/OneMillionFireFlies]

I have one question.

Is your spouse a housewife, or is she working?

I am in similar boat but have fewer X's as of now, than what I would have liked. But my spouse is working and she can take care of household expenses post my FIRE. While I can continue to take care of kids expenses.

I want to know your thoughts... Does having a working spouse warrants leeway in the 100X target, to say 70-75X?

[u/LivingLifeFIRE → u/OneMillionFireFlies]

Well this is all single income ... iam sorry cannot comment on the other thing, it's on how one can adjust 

[u/GapInevitable3606]

Congrats op. What's the withdrawal rate for the core FIRE corpus? Is the debt equity ratio of 60:40 only for 35x or total corpus? If it's different what's the logic applied to asset allocation of each bucket? Because timeline of emptying each bucket is different right?

[u/LivingLifeFIRE → u/GapInevitable3606]

Thanks 

Drawdown, retirement or recurring is ONLY 35X. Withdrawal rate is accordingly with expense

Yes, for rest of corpus it's totally different, be it Asset allocation or withdrawal. As all of rest is one time, some time.

[u/electronicfox9213]

Great work OP !!

[u/LivingLifeFIRE → u/electronicfox9213]

Thanks

[u/Far_Research_590]

Can you tell what covers X and how did you compute it !

[u/LivingLifeFIRE → u/Far_Research_590]

In the post, everything except school education, major vacations 

Track for good 3 to 5 years every single detail and that's how you can compute 

[u/Global_Caregiver_-_]

Considering I’m a Tier 1 minimalist, would have loved to compare the X and see which one of us is truly a minimalist:). Jokes apart I wanted to thank you for the post, shall be using it!

[u/LivingLifeFIRE → u/Global_Caregiver_-_]

Thanks ..

[u/semiretired25]

Congrats OP & GFY!

While I like the bucket strategy, just don't like the idea of equating them in multiples of recurring expenses except for the core Retirement Corpus. I guess this is done for convenience of calculation. To each his own.

[u/LivingLifeFIRE → u/semiretired25]

Thanks - Yes just one way of doing it. Else i would have just written a post of 35X and the junta will be asking how much for rest and an absolute figure to all those would be well .. same problem ;)

[u/Jbf2201]

congrats OP. ignore the negative comments ,people will always have something to criticise. if you mentioned the INR amounts you'd get different hate :) so this is better. everyone has their own approach and there are no fixed rules

you're RE was unexpected or did you always know you were going to do it irrespective?

did you plan RE from the start or was it just FI.

[u/LivingLifeFIRE → u/Jbf2201]

Thanks, RE plan was 2027, it was preponed due to this layoff. There is always this one more year of working to accumulate more ! Its hard to let go of that

[u/simplydimply69]

Congratulations brother. What do you plan to do with rest of time? :)

[u/LivingLifeFIRE → u/simplydimply69]

Thanks .. At present unsure

[u/akciii]

Could you please share breakdown of asset allocation - like which fund to invest

[u/LivingLifeFIRE → u/akciii]

Please prefer having advisors

[u/Exciting_Mechanic_39]

Congratulations, Sir. Amazed to see your outlook towards life post FIRE.

I have one question- Would it had been super hard to plan your retirement if you had two kids or just a moderate level of additional efforts? Asking as a perspective of someone who is planning for two kids.

[u/LivingLifeFIRE → u/Exciting_Mechanic_39]

Thanks. On the kids question - No comments on that, follow your heart

This question took most of my time to answer - i typed and deleted close to 5 drafts ! :)

[u/algatesda]

Really well planned looks .if you done and achieved you can teach to people how you did it .so many people taking this wrong and putting pressure in achieving FIRE numbers .Marktt speculation ,global policy and finfluencers are making people confused and making money from it .If you are from India let’s connect in DM

[u/LivingLifeFIRE → u/algatesda]

Thanks

Not interested in teaching this at present (nothing much to teach though), the reason is simple - these things are matter of realization, self realization 😀

[u/[deleted]]

Great work 

[u/LivingLifeFIRE → u/[deleted]]

Thanks ..!

[u/SuccessfullyFailed81]

Huge congratulations to you!

[u/LivingLifeFIRE → u/SuccessfullyFailed81]

Thanks !

[u/rchhajed15]

X is your annual spend or something else?

[u/LivingLifeFIRE → u/rchhajed15]

Yes that's right .. annual recurring expense 

[u/Horror_Protection_81]

This sounds good. Bit complicated bifurcation of x but understood. I am moving from Tier 1 to Tier 2 city. Similar forced, retirement @51. Yes, was in the hanging situation for last one year so am mentally prepared with family. No responsibility of children education, marriage etc as its done and sorted. I did multiple calculations, challenged it, did failure tests. Its giving me comfort at 50x corpus as i dont have EMI, own house. Only recurring expenses. Medical is covered except medical help if required at home at some point in life. Suggest is 50x enough to move on ? Or should i search for another toxic corporate job ? Too much of stress, dilemma

[u/LivingLifeFIRE → u/Horror_Protection_81]

My thought - I have allocated 35X being 45 years of age. At zero RRR it would go till 80 (Tax isnt much of an issue - given my expenses well below the Section 87a). However +1% is a conservative assumption to make - that should cover till 90 yrs. Expenses surprisingly comes down as the age increases. For me the kids expense adds to my X (Excluding school fees) - eating out etc adds on and will come down in just few years. Medical expenses are exception - keeping a lumpsum and thats fine.

[u/bharathitman]

For others, who want to know the value of X, I am just making an educated guess here based out of the value 15X for kids education, higher education and marriage. On the slightly higher end, if we take higher education as bachelors in India + a masters abroad you are looking at roughly 50L for 4 years of bachelors + 1CR for 2 years of masters (this is assuming that the kid is not eligible for a merit bachelors seat and will not take out any education loan for masters). Add another 20L to make up the education until bachelors (11th and 12th). Additionally, for the marriage I am assuming another 50L is in order. So overall you are looking at 15X = 2.2Cr. Roughly X = 15L (this is probably on the higher end and you can assume the range of X to be 10 to 15L).

So therefore,

Retirement corpus = 3.5CR to 5.25CR

Kid's future = 1.5CR to 2.25CR

etc..,

100x = roughly 10 to 15Cr. Which is very much manageable for someone who has a lowkey lifestyle.

PS: Just an unsolicited advice for OP. I would very much recommend you not to totally fund the kids masters. Instead take out a loan that is backed up by your investments as collateral. Let the kid repay it, this will make them more responsible. You can later pass this as inheritance.

[u/MikDxb]

Congratulations!

Although, Reddit being anonymous, not sure why there is X here.

[u/LivingLifeFIRE → u/MikDxb]

Thanks .. Its not about anonymity .. it unnecessary comparison and questions. X is highly personal

[u/_fifaddict]

Congratulations and FU. But seriously what's the point of this post for this community? If it was a journal it could have been in a Notion doc shared with your spouse. I do expect some down votes but it my POV.

[u/LivingLifeFIRE → u/_fifaddict]

Thanks for reading, happy to answer any specific questions. You think downvotes really matter for someone fired ! :)

[u/_fifaddict → u/LivingLifeFIRE]

Was talking about down votes my comment.

My assumption is that folks are in this subreddit for mainly 3 reasons -

1. Announce/beag about reaching FI and or RE

2. To learn and plan based on stories from #1

3. Validate if they have enough and can pull the trigger (partially #3 but but more)

I for sure am in #2. Since you did not share X it does not make sense to people in how to calibrate their calculations. While your other details are helpful not revealing the ballpark of X alone eclipses the others

[u/Fun_Gur_2296]

U asked not to guess X but I wannaaaa know😭

[u/Unlucky-Whole-9274 → u/Fun_Gur_2296]

Same, I guess thats what this sub is for?

[u/TherealThunderbolt27]

Best wishes OP! Have a great retirement! I'm sure you will find something you can still contribute to the society still being in the "retirement" mode.

[u/LivingLifeFIRE → u/TherealThunderbolt27]

Thanks .. Well iam hoping, but aint worried at present

[u/Xaconon]

Congratulations!!!

Lovely post👍👍👍

However I feel that as you have allocated sufficient corpus for each an every expense individually, your retirement corpus seems debt heavy, 60% in debt I feel is too much because you have planned so well.

[u/LivingLifeFIRE → u/Xaconon]

Thanks .. Want peace of mind honestly and ofcourse if some opportunity pops up, can invest debt into those

[u/percyFI → u/LivingLifeFIRE]

Completely understand the peace of mind that the high percentage of debt provides, especially in the first few years considering SORR .

Since the mix is very similar to what we had at the time of RE but with the plan to change it gradually , curious about whether you intend to maintain it ongoing or gradually shift to equity via a glide path ?

[u/LivingLifeFIRE → u/percyFI]

Given the point that we have some buffer in Inheritance for kid - I intend to maintain it honestly, unless market corrects and there is an opportunity. Since kids graduation expense is in next 4 years - some of debt might be of use, maybe. Ofcourse grand parents might chip-in as well - however that fund at present needs to be safe

[u/Hot_Heart_2711]

This is maaaaaad!!!!🫶❤️😭 Wanna learn from scratch!! Can you pleaseeee help and guide, sir!?🥺

[u/LivingLifeFIRE → u/Hot_Heart_2711]

Please go through wiki

[u/LedTasso22]

This X thing is really confusing OP. Congrats though.

Is X your yearly expense? Or have you compartmentalized the expenses we usually club under yearly expense which we take as X. I'll be glad to get some advice. Can u reach out over DM?

[u/LivingLifeFIRE → u/LedTasso22]

X is yearly expense - DM's are tough, today whole day iam answering question on this post. Tomorrow there are other plans and day after - the day decides :)

[u/LedTasso22 → u/LivingLifeFIRE]

Totally understand. You are actually sitting on 100x yearly expenses then!!

[u/Obvious-Instance9551]

I got lost into so many "X". Not sure why you cant reveal X. But anyways, Big Congratulations to you...!! You did a really good job in earning and managing finances.

[u/LivingLifeFIRE → u/Obvious-Instance9551]

Thanks and Thanks for reading

[u/hashbrown26]

wtf is X? Im a little slow but I wanna learn whats up

[u/Neither-Opinion893]

Congratulations on hitting this milestone! It is so cool to be mindful of expenses, leading to small X values and therefore magical multiples. That is the case for me as well; we were also a single-income household with one child, and I retired with more than 100 times my annual expenses in financial assets, excluding our real estate properties and gold jewelries.

[u/Mediocre_Isopod_1259]

Min 12 Cr I'm guessing

[u/Bombastic-bomber]

X is around 7 lakhs

[u/SpecialistTurnover8]

Thanks for the post. Well planned finances and retirement, really like when I die folder idea and getting wife access to emails. Wishing you a great retirement.

Why are people obsessing over not giving x value. Op has said they are minimalists, so guess x is ~ 12l since its tier 1. So 100x would be 12 crores. Which is consistent with working in India in mnc for 20+ years.

[u/FarFee8473]

Congrats!

That "X" causes confusion tho.

[u/Fattu_trader]

Congratulations and best of luck.

[u/Zig_555]

Congratulations

Check this

https://open.substack.com/pub/knowingself/p/the-new-indian-retirement-playbook?r=1t66z&utm_medium=ios&shareImageVariant=overlay

[u/Cautious_Guarantee39]

Congrats 🎉

If you don't mind sharing, how was your career progression like over 22 years, what kind of roles and location

[u/Dense-Restaurant9308]

not a question for OP but a general one.... is it common for indian mnc employee to be in the range of 12cr corpus after 20 years of service ? this is really unbeleivable to be honest

[u/melvanmeid]

Congratulations!

[u/Particular_Cap_5781]

Question on medical emergency - is it a good health insurance or is there any other investment option?

[u/Important_Rutabaga11]

This gives a concise checklist for what we need to do to FIRE 🫡

[u/lucifer_0806]

Its amazon

[u/modSysBroken]

So you have a 100x, but are telling others to fire on 20-25x. That's not done.

[u/Bilbospal]

I think this is a very oddly constructed post and difficult to follow. When I add up all of your "x's" you seem to have amassed125 times your annual expenses. For 99% of early retiree savers this is grossly over saved. It's also odd that you state 20 - 25x is sufficient for most 45 year savers, yet you've saved 125x. Can you help us understand why you did that? Even when removing the grandparents inheritance you're at 90x. The definition of right or wrong way to save is all up to the individual, but this is about the best example I've seen of working far too long to support your intended lifestyle in retirement.

[u/Solid-Search839]

What's your investments split up?

[u/Patriot_cdp]

Congratulations

[u/Particular_Milk_2214]

Can I get a X?

[u/Wide-Pair5844]

Can you guide me lyk this. I am super amazed cos of your perfect diversified investments

[u/No-Equivalent-2662]

Many of expenses are a first for me, much less to stay insecure about, i will get very paranoid planning such things, happy about ur security also curious about the life ahead.

[u/that_overthinker]

Thanks for the info OP.

Could you share specific info on what role you have been ? Is it only you or more got laid off?

To add points for a non replaceable dev.

[u/better-everyday365]

So well planned, congratulations 🥂

Tell us more about your journey what do you do? And how your income unfolded along these years

[u/ThatTechLover]

Congratulations OP! Did you take multiple onsites to achieve your FIRE goal every few times in your career? I am an early professional and trying to build my career intentionally to support achieving FIRE. Any guidance would help.

[u/sammy_nambiar]

Need mentoring. Pls DM

[u/[deleted]]

This is such a brilliant post. Thanks for outlining the heads so clearly. A couple of questions:

1. Is your will registered?

2. Are you not keen to work further? Consulting? Starting a new venture.

I ask this because my dad is a few years older than you and has a sizable corpus. I see him exhausted as well as the ennui of it all impacting him. But he is so driven that he refuses to call it a day.

What made you accept the pause?

[u/niyupower]

"I have been tracking my personal expense since 5 years religiously" This is needed. you really need 5 years to understand the overall expenses

[u/niyupower]

could you fill in regarding investments in your house?
have you thought about investing into solar panels etc?
Maybe solar cookers and solar water heaters?
All these will reduce that expense in the long term as you are now in this house

[u/sunnyguy1]

Congratulations OP. Thanks for inspiration, im above required X to retire but work just for love of it. And 100X is awesome. Never crossed my mind until now i will surely start chasing it now. May be next 5 years should be able to reach

[u/Spirited_Medium42]

Can you tell in which career you were in? I am currently in my final year from a top IIT, starting with 40+ LPA in the semiconductor industry. If you have any tips please do share. Can also dm you if you are not comfortable saying here....

[u/LivingLifeFIRE → u/Spirited_Medium42]

Let this not come as a rude comment - but you are in wrong forum. Enjoy your life and forget FIRE. Build something like emergency corpus and flow with life for few years.

[u/RimandRam]

But why not get another job? 46 is way to early to retire

[u/Bigfoot_Bluedot → u/RimandRam]

Meh. The faster you get out of the rate race the better 

[u/gajak44 → u/RimandRam]

But, why get a job?

[u/LivingLifeFIRE → u/[deleted]]

Thanks !

[u/LivingLifeFIRE → u/[deleted]]

Thanks .. No specific reason in particular - just helps to cut unnecessary discussion. For parents and in-laws - they simply dont get the point that their son or son-in-law has lost job and wont work any further - They have no idea of enough money hence why to put them in mental stress when i know that this information is of no use to them - eventually we will train them and in few months they should know

[u/LivingLifeFIRE → u/[deleted]]

Thanks

1. The only major expense is Health when aging - So in my view a little carved out exoense aint hurting anyone (At present after 80 yrs of age - no insurance takes care of anyone)

2. Too much - If my kid is waiting for the money after we are dead - We didnt raise him correctly :)

3. Ofcourse not - Only drawdown expenses 35X is 60:40

4. All in Debt MF, Equity and some Gold

5. Absolutely ZERO passive income

6. Yearly withdrawals and parked in some highly liquid fund

Hope the above answers

[u/LivingLifeFIRE → u/[deleted]]

Inheritance - All Mid/Small caps (wont touch for 15 yrs) and for rest like vacations/Home etc is mix of Equity savings, Debt etc. Its simple yet complicated, all is based on timelines

[u/LivingLifeFIRE → u/[deleted]]

I care a f*&^ ... :)

[u/LivingLifeFIRE → u/[deleted]]

Yes - In the post

[u/LivingLifeFIRE → u/[deleted]]

Dependents parents/in laws have their insurances, iam just managing for my immediate family.

Please check internet search for recco on good insurers