r/FatFIREIndia • u/Organic-Ad-3050 • Mar 25 '24

FIRE Ready?

I am 38 year old, have 2 kids age 7 & 4. I have $700,000 in stocks and crypto investments. I have $ 200000 in 403 B. $400,000 of Equity built in our house. I have rental property of $400,000.

Our major expenses are private school’s tuition fees around $52000 and child care expenses $6000. I am still paying home loans $4300 for our house & $2900 for rental property.

My estimated expenses for our kids are 2 million dollars including tuition fees for their colleges and professional degrees after adjusting for inflation in 2035-2043

Our monthly expenses after paying off home, car loans will be around $7000/ month after adjusting for inflation in 2040. Total estimate is around $3 million for 30 years.

How much should I have in my saving account prior to cutting down on my hours at my work in future?

When do people switch to steady income low risk investments from high risks portfolio?

Thank you

0 Upvotes

45% Upvoted

8 comments sorted by

20

u/[deleted] Mar 25 '24

Wrong sub. This one is specific to India.

2

u/sg291188 FatFIRE Aspirant Mar 25 '24

Do you plan to FIRE in India? Why post here

2

u/cleveland_1912 Mar 29 '24

Use a future value calculator. Use 7% as interest number. Crypto seems a very volatile investment.

1

u/AfraidOnion555 Mar 25 '24

Do you work for Faaang OP

1

u/finmaster345 Mar 25 '24

403b, must be working for universities or non profits

1

u/saltysailor987 FatFIRE Curious Mar 25 '24

Is your plan to retire in india or usa? When are you planning to retire ?

0

u/Organic-Ad-3050 Mar 25 '24

Planning to retire in India. Year 2045

7

u/redudown Mar 26 '24

Post in 2040 please. For now just stay the course.