Early RETIREMENT at 38! | Money Matters Ep. 32 | Ankur Warikoo Hindi

"You are currently 28 years old, at what age would you like to retire? I am also 10 years old, if I do it before that, it will be great, so let's go to 38 and let's see if it's"

"I want to give my baby enough time. Children grow up very quickly. He's seven months old now, he's starting to sit. He'll start walking tomorrow. Right now, I'm working from home, so I'm able to give him enough time. If not today, then tomorrow I have to go to the office. I want to be financially free as soon as possible, completely free, so that I can give him all my time."

"when you retire at the age of 38, with the type of current investment you have, your total savings will be around Rs 1 crore 27 lakh"

"whatever amount you need for the year, which is Rs. 10,000 per month, but after adjusting it for inflation, your yearly expense will be around Rs. 11,70,000. So, every year you will start with Rs. 170,000 and keep increasing it by Rs. 5."

"after doing all this I am looking at the number, at the age of 60, your money gets exhausted"

"if we make this 60 to 500, that is, if we withdraw 00 per month, then your money will last till the age of 75"

"If you increase it by 10% every year, do not increase it by 5% and keep the same 00%, not 600, then your money will never end. In fact, at the age of 85, you will have Rs 30 crore"

"you will increase your SIP of Rs 1000 every year not by 5% but by 7%."

"if you do it at 10%, then you will be able to withdraw around Rs 56,000 every month on retirement"

"if you withdraw Rs 55 or Rs 56,000 every month, just this one change. So, at the age of 85, you will have Rs 30 crore"

"by using this sheet, I am very sure that whatever journey of financial freedom you start, you will achieve it within 10 years."