Planning to FIRE in Bangalore by 2041 – Looking for Opinions
My spouse (36M & 32F) and I have a 3-year-old child. We currently live and work in the US but are planning to move back to India in about 5 years.
Current net worth breakdown:
US liquid assets (stocks, ETFs, cash): $1.25M
US retirement accounts (401(k), IRA, etc.): $500k
US real estate equity: ~$1M (current market value minus outstanding loan)
Gold: ~$200k
India real estate: ₹5 crore (excluding a residential home)
We also own a plot in Bangalore but have not built a house on it.
Our combined savings rate is currently over $300k per year, and we expect to continue saving at a similar pace for the next 5 years before moving back to India.
Our tentative plan is to retire around 2041 and settle in Bangalore.
A few questions for those who have gone through a similar journey:
Based on our current assets and expected savings, does retiring in Bangalore in 2041 seem financially comfortable, assuming a typical upper-middle-class lifestyle?
We do not currently own a house in India. Would it be better to:
Build/buy a house now, or
Wait until we move back to India and buy/build then?
Since we already own a plot in Bangalore, would you recommend constructing a home on it closer to our return, or are there advantages to doing it earlier?
Would appreciate any thoughts, especially from people who have moved back from the US or are planning FIRE in India