Can I retire now with Rs 3 Cr ?

POSTED BY Aamir ON October 10, 2013 8:43 pm COMMENTS (5)

Hi Guys,

My query is, can i retire now if I have 3 Cr cash in hand. If yes, how? and if not how much is the shortfall?

Details are as follows :

My Age : 40 Yrs

expected age : 85 Yrs

Dependent Details :

Wife, 2 kids aged 6 & 4 Yrs (both daughters – no more kids planned, dependent until they get married)

I have a house, have adequate medical cover for all family members

Current Monthly expense : 50,000 Rs (will live in a B town)

Inflation expected : 8%

Need 25-25 Lacs (total 50 Lacs) for Kids marriage after 15 & 17 Yrs. I have separare funds for their educational requirements.

Lets discuss



5 replies on this article “Can I retire now with Rs 3 Cr ?”

  1. ashalanshu says:

    Dear Amir, I’m always ready for discusions. Please ask dear Manish to get my personal mail iD. As per forum policy, I can not quote my mail ID directly.



  2. Aamir says:

    Hi Ashal, My interest in personal finance started with JI when I accidentaly bumped on this forum 1 Yr back and since then I have started reading a lot of personal finance blogs including your :)..I read Pattu’s blog as well regularly, however I never tried his calculators.
    I did after your suggestion and to be honest i am very confused with the number of retirement calculators he has on his blog, so I left a message to him to solve my query.Awaiting his response.
    Nevertheless, I myself did a simulation on excel (assuming 8% inflation & 8% interest earned on corpus YOY), and I found that corpus of 2.7 Cr will last for 45 years, if I need 600,000 NOW for my yearly expenses. I did not add any tax angle to simplify the things.If you want I can share the excel file with you on your personal email and we can take this discussion onwards from there..

  3. ashalanshu says:

    Dear Amir, please visit the shared site and read few posts also there. I w’d like to read your reply/feedback after that. 🙂



  4. ashalanshu says:

    Dear Aamir, I seriously doubt that you can retire comfortably. You need to check the same with some very good retirement calculators available at dear Pattu’s site.

    freefincal. com

    Please check there with your numbers.



    1. Aamir says:

      Hi Ashal,
      Thanks for your feedback. I will definitely check the calculator however the issue with most of these calculator is that they do tell you the target figure required but dont tell you what to do with smartly you can use that retirement figure..this is is exactly what I am looking for..
      Thanks anyway..


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