Last Updated on March 1, 2019
How to retire early in India safely by age 40 or age 50? If you have this questions, this e-book is for you! Retirement is an oft-discussed topic at freefincal with a fair share of exposure to early retirement. Here is a compilation of seven such posts in the form an e-book. This is the third such compilation.
The first was aimed at young earners, Starting Early, Starting Right and the second on DIY money management.
The third is on early retirement and fourth on post-retirement income generation strategies.
Retirement is typically when a person becomes a senior citizen or is just about to and stops being gainfully employed. Early retirement is when a person wants to quit a salaried job to either start a new enterprise where income is not guaranteed or wants to spend time doing things that they love, regardless of compensation
Early retirement is when a person wants to quit a salaried job to either start a new enterprise where income is not guaranteed or wants to spend time doing things that they love, regardless of compensation.
Early retirement is only independence from the shackles of a monthly salary and not the cessation of work or income from it. With enough corpus to fall back on for regular expenses, the ‘work’ can just about be anything, even nothing!
Therefore, the primary goal is to accumulate the ‘enough corpus’. How much is enough? What are the assumptions behind calculating the corpus? What are the dangers associated with early retirement? What can go wrong? How to track progress? These are some of the questions answered in the e-book.
Early retirement in India is quite different from what is discussed at popular US blogs like ERE and MMM. It is quite easy to calculate with a high real return (excess return above inflation) and arrive at a pleasing corpus. However, early retirement is fraught with many dangers. High inflation and an unlucky sequence of returns from equity can spell disaster. Therefore is it is extremely important to err on the side of caution. This compilation is an attempt to highlight such issues while also providing (links to) a list of tools to plan and track your early retirement.
Early retirement is not possible by everyone. The investible surplus (income-expenses – liabilities), along with copious amounts of luck is important to decide the health of a corpus.
At the same time, early retirement is not impossible. An onsite assignment is not necessary. Young earners who can invest with dedication for the next 10-20 years can hope to retire by age 50.
Download the “how to retire early in India” E-book.
Download a calculator to find out how much corpus is required to retire early
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M. Pattabiraman(PhD) is the founder, managing editor and primary author of freefincal. He is an associate professor at the Indian Institute of Technology, Madras. since Aug 2006. Connect with him via Twitter or Linkedin Pattabiraman has co-authored two print-books, You can be rich too with goal-based investing (CNBC TV18) and Gamechanger and seven other free e-books on various topics of money management. He is a patron and co-founder of “Fee-only India” an organisation to promote unbiased, commission-free investment advice. He conducts free money management sessions for corporates and associations on the basis of money management. Previous engagements include World Bank, RBI, BHEL, Asian Paints, Cognizant, Madras Atomic Power Station, Honeywell, Tamil Nadu Investors Association, IIST Alumni Association. For speaking engagements write to pattu [at] freefincal [dot] comAbout freefincal & its content policy Freefincal is a News Media Organization dedicated to providing original analysis, reports, reviews and insights on developments in mutual funds, stocks, investing, retirement and personal finance. We do so without conflict of interest and bias. Follow us on Google News Freefincal serves more than one million readers a year (2.5 million page views) with articles based only on factual information and detailed analysis by its authors. All statements made will be verified from credible and knowledgeable sources before publication. Freefincal does not publish any kind of paid articles, promotions or PR, satire or opinions without data. All opinions presented will only be inferences backed by verifiable, reproducible evidence/data. Contact information: letters {at} freefincal {dot} com (sponsored posts or paid collaborations will not be entertained)
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