Dreaming of quitting the daily grind? Discover how to make early retirement a reality even with a ₹70,000 monthly income!
The FIRE movement is here! Financial independence isn't just for millionaires. With smart planning & consistent SIPs, you can achieve freedom, even with a modest income.
In India, aim for 30-35x your future annual expenses. For a 30-yr old with ₹40k current monthly expenses, retiring at 45 needs ~₹3.67 Cr. But how?
A static SIP won't cut it! Start manageable (e.g., ₹18k/month) and increase it by 10% annually with income hikes. This strategy makes your early retirement goal achievable!
For long-term goals (10+ years), equity mutual funds are key. Flexi-Cap, Multi-Cap, and Large & Mid-Cap funds offer inflation-beating returns. Diversify across 3-4 good funds!
Avoid: underestimating inflation, static SIPs, market timing, and frequent churning. Crucially, build an emergency fund first! Consistency & discipline are your investment superpowers.
Your early retirement dream is closer than you think! Use goal-based SIP calculators at sipplancalculator.in to map out your journey. Start investing today!