I am 40 yrs now with two daughters studying 8th and 5th. How much of wealth required to retire today

AT LEAST 4.5 cr with expenses of 80 k and children goals

MyGuide2Wealth - We are Financial planner in Noida  , SEBI registered Investment advisor .

I am asked these questions frequently on corpus required. The ground reality is that it is too risky to retire early when expenses are high and children goals are not met . We suggest postponing retirement until all loans are paid off and any major expenses are right around the corner

This is a case with 7% post tax returns and 6% inflation . This chart says that 4.5 cr will be able to support you till 85 years with expenses at 80k and adjusted with inflation of 6% and there are no other expenses and long term goal to be attended ( home purchase )

Children education and wedding goals are included with 8% inflation and goal target for education and wedding at 20 lacs for each

Pls ensure you take decent health insurance and term insurance in case of any exigencies

This is how your corpus every year is moving . The spikes you see is the additional long term of education and wedding in built

I understand this is not the answer most want to read , but the ground reality is that it is too risky to retire early when expenses are high and children goals are not met . We suggest postponing retirement until all loans are paid off and any major expenses are right around the corner .

Even then, having a secondary source of income by pursuing your passion or may be from consulting and freelancing, etc., will be crucial.