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