Early retirement in India - Indian Real Estate Forum

sheeshu · 28-08-12

Anybody returned/will return/planning to return to India for an early retirement after working outside of India for a number of years?

What kind of financial planning you have done for your future?

Thanks

Magadh_Pride · 30-08-12

Buy a farmhouse and a penthouse. Live in one and live off the other

investgreat · 30-08-12

Good thought... We all have at some point of time in our lives...

Depends upon your lifestyle. If you want to maintain the same lifestyle in Indian Metros, you need more money than what you need in countries like US, Canada etc..

But, buying a nice penthouse home/ultra luxury apt for yourself and a good rental income from some business, would be awesome start.

gandabaccha · 30-08-12

Quote:

Originally Posted by investgreat

Good thought... We all have at some point of time in our lives...

Depends upon your lifestyle. If you want to maintain the same lifestyle in Indian Metros, you need more money than what you need in countries like US, Canada etc..

But, buying a nice penthouse home/ultra luxury apt for yourself and a good rental income from some business, would be awesome start.

If somebody can suggest me a return of just 10-11%( yearly basis) on a capital of 2-3 crore with reasonable safety , i may be able to retire soonest.

surya2089 · 30-08-12

good topic--

as i think safest to retire in present senario make a fd of 1crore at 8% per annum------------for a couple --
nearly getting 8lakhs per annum--8*12=66.000 per month.

tilak85 · 30-08-12

Quote:

Originally Posted by surya2089

good topic--

as i think safest to retire in present senario make a fd of 1crore at 8% per annum------------for a couple --
nearly getting 8lakhs per annum--8*12=66.000 per month.

For a DINK for next 2-3 years...may be.

Otherwise imagine following expense (per month)
TAX -> 5K
2 Kids going to school -> 10K
CAR -> 6K
Electricity/Water/LPG/etc -> 10K
Food -> 10K
Other expenses (movies/outings) -> 10K
Inflation ??
----------------------
net savings ->15K (assuming no loans)
----------------------
Expenses may vary depending on individual preferences, locality, but 66K per month is just decent. Not good enough.

May be 90K per month with 30K going to savings is good enough for next 10 years.

pande1 · 31-08-12

Quote:

Originally Posted by gandabaccha

If somebody can suggest me a return of just 10-11%( yearly basis) on a capital of 2-3 crore with reasonable safety , i may be able to retire soonest.

It is very easy to earn 10-11% risk free on 2-3 crores, you can invest in Shri Ram Transport FDs they yield 12.5% for 5 years, if you manage to get it in name of Senior citizen then I think they offer 13%

gandabaccha · 31-08-12

Quote:

Originally Posted by pande1

It is very easy to earn 10-11% risk free on 2-3 crores, you can invest in Shri Ram Transport FDs they yield 12.5% for 5 years, if you manage to get it in name of Senior citizen then I think they offer 13%

Yar

i think 35 lakhs will be a max investment in sriram transport FD's.
i need more avenues to invest my money...real estate is a complete no-no
as i do not have to live in it , rental yields are pathetic all across NCR or say india. and i do not see much capital appreciation happeneing.
Also the dallas of india make me sick.

sheeshu · 31-08-12

How many years of retirement life? 30-40 years if you are in your 40s-50s

I agree 2-3C is lot of money right now but if that would be sufficient for such long a term when things such as inflation etc. are so unpredictable

Quote:

Originally Posted by gandabaccha

If somebody can suggest me a return of just 10-11%( yearly basis) on a capital of 2-3 crore with reasonable safety , i may be able to retire soonest.

sharadmathur · 01-09-12

Assuming one will be living in his own house/flat , option of Reverse Mortgage is open in case , is required.

28-08-12	#1
sheeshu Senior Member Join Date: Apr 2012 Posts: 549 Likes Received: 129 Likes Given: 75	Early retirement in India Anybody returned/will return/planning to return to India for an early retirement after working outside of India for a number of years? What kind of financial planning you have done for your future? Thanks

30-08-12	#5
surya2089 Senior Member Join Date: Mar 2010 Location: qatar Posts: 668 Likes Received: 21 Likes Given: 79 My Mood:	hi good topic-- as i think safest to retire in present senario make a fd of 1crore at 8% per annum------------for a couple -- nearly getting 8lakhs per annum--*812=66.000 per month.**

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30-08-12	#2
Magadh_Pride Veteran Member Join Date: Dec 2010 Location: Singapore Posts: 2,179 Likes Received: 350 Likes Given: 252 My Mood:	Buy a farmhouse and a penthouse. Live in one and live off the other

30-08-12	#3
investgreat Senior Member Join Date: Feb 2012 Posts: 548 Likes Received: 54 Likes Given: 28 My Mood:	Good thought... We all have at some point of time in our lives... Depends upon your lifestyle. If you want to maintain the same lifestyle in Indian Metros, you need more money than what you need in countries like US, Canada etc.. But, buying a nice penthouse home/ultra luxury apt for yourself and a good rental income from some business, would be awesome start.

01-09-12	#10
sharadmathur Member Join Date: Jun 2012 Posts: 228 Likes Received: 46 Likes Given: 20 My Mood:	Assuming one will be living in his own house/flat , option of Reverse Mortgage is open in case , is required.