NRI Query: Is $1 Million Enough To Retire Early In India Comfortably? #FIRE
In most cases, $1 million (equivalent to roughly 7.5 Crore INR as of today) could be enough to retire early in India comfortably, especially if you maintain a moderate lifestyle and live in a less expensive city; however, the exact amount depends on your desired lifestyle, healthcare needs, and location, making it crucial to carefully calculate your individual retirement expenses before making a decision. Key points to consider: Lower cost of living: Compared to Western countries, India generally has a much lower cost of living, which means you can live comfortably on a smaller retirement corpus. Lifestyle choices: Your individual spending habits will significantly impact how far your retirement savings stretch. Healthcare costs: While healthcare in India is generally cheaper than in the West, consider potential future medical expenses, especially if you plan to live a long life. Location: Major cities like Mumbai or Delhi might have higher living costs than smaller ...