FIRE (4% Rule): Inflation-adjusted expense multiplied by 25.
Calculation:
₹45,59,043 X 25 = ₹11,39,76,085
Once you achieve this amount, you can choose to retire.
You can spend 4% of this amount every year. This amount can sustain your lifestyle for 30-40 years.
FAT FIRE (Ideal Goal): Inflation adjusted expense multiplied by 50.
Calculation:
₹45,59,043 X 50 = ₹22,79,52,171
Once you achieve this amount, you can choose to retire comfortably.
You will never run out of money even if you keep this amount in a simple 7% return FD.