Sunday 26 September 2021

August 2021 Financial independence update

Expenses:

I spent ₹44,668 in the month of August and the top 5 expenditures are shopping (14724) have 


For the last 12 months, I had spent 6,18,732.63 which is 51,561.05 per month. My net worth is 87,48,820.81. I have about 169 months of living expenses which is 14 years and a month. My objective is to accumulate 25 times annual expenses from which I can withdraw 4% annually. My passive income will be 29,162 if I withdraw 4% now. If I retire now I have to withdraw 7.14% annually. If inflation is 6% I should make 10% if I have 25 times and to retire today I should make 13.14% of my net worth. My net worth does not include rental income but I still want to achieve 25 times or close to that amount as long as I am in the job. I will be able to accumulate 25 times in 4 years 1 month which is Sep 2025.

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