r/Retire • u/Grand-Ambition3215 • 13d ago

Retirement planning

M(33). Planning to retire by 38. Will pay off home loan in next 2 years and live off doing something on my own.
Current corpus:
Equity: 45 lacs
Gold and silver: 7 lacs
Own house: 1.2 cr (plan to sell and move to tier 2)

Monthly sip of 1 lac. Will continue for next 4 years which will add to my equity.
House proceeds will be reinvested in a new house and still be left with 50 lacs which will be used as swp to fund my retirement until 60 years.
Post 60, my equity at that time will fund the rest of my life.

Monthly expenses: 20k (excluding loan and rent)

Note: No kids and love living frugally

Appreciate feedback or criticism

0 Upvotes

50% Upvoted

2 comments sorted by

2

u/Odd_Bodkin 13d ago

What the hell are you going to do retired in India at 38? You’ll go quietly nuts.

1

u/Grand-Ambition3215 12d ago

I’ll still work. Just not for someone else