Mastering the FIRE Method: The Ultimate Guide to Early Retirement & Financial Independence

Excellent as always. Such a compelling subject be it early or normal retirement. Request you to make follow-up videos on this subject that includes SWP, managing market downturns etc.

I think in 2050 one person will need abt 1 lakh rupee per month to live a satisfactory life ... given that he has his own house and a good health insurance ... what say?

Excel sheet not found??

Hi Shankar, love your content.
Would love to see a video on how to invest in Index funds

Hello Mr. Nath. A very well-made video on the topic. Please correct me if I am wrong, but I believe there might be a mistake in the calculator for calculating the corpus at the beginning of each year. The formula right now is C[Cell Number]+D[Cell Number]+E[Cell Number] - (F[Cell Number]*(1+$D$13)).

Should it not simply be C[Cell Number]+D[Cell Number]+E[Cell Number] - F[Cell Number]) since the capital gains tax has already been taken into account while calculating the value in the returns column? Otherwise, we are subtracting the tax twice from the corpus?

Also, once we retire and start making withdrawals, we have to decide if the withdrawal is done at the start of the year (for the sake of simplicity). In that case, the withdrawn amount should not count towards the corpus that is used for calculating returns for that year. In other words, we should subtract the withdrawn amount from the corpus at the beginning of the year before we calculate returns for that year. Does that make sense?

Thank you @shankarnath for the detailed FIRE tool. I have 1 clarifying question - The monthly expenses in Year 1 of retirement needs to be inflation adjusted right? i.e. 1L monthly expense in today's money needs to be inputed at ~2.75 L in terms of expense in year 15 ( assuming 7 % inflation)

Dear @shankarnath, Thanks for the video, it is really good and very well explained.
I have one query, while finding our current monthly expenses, how do we need to take into consideration of the future expenses in account like kids education, their higher education, marriage and buying house/vehicles etc. because this could vary based upon phase of life. please advise.

Thanks
Veeresh.

30% saving on expense in NOT 30% increase in salary.

Idk why no one mentioned but this channel is FIRE 🔥

Much much better video than the video put by akshat shrivastav.

Thank you

Don't retire early
You will have health problems...mental problems... After some time.

Great video as always. Yours videos are precise and upto the point, no circling around. Thank you for making so great quality.
Any suggestion for a person who is around 35 having very less saving. But earn decent amount. I am on my way to save 50% of my salary but investing only on Mutual funds and Stock. FD is kept only of small amount. Putting all 50% in equity mutual funds. Am I making mistake?

Whats wrong with normal work & live life? These jargons from western world sounds very impressive but passing few year they all are contradictory of there own theory.. One should live balanced life whats the point if there is no aim.

Loved the spreadsheet Shankar! And the video. This is by far the best video I have seen on FIRE system. Thank you.

This is amazing content, thank you

This is supe helpful and the best calculator for FIRE I've come across so far.

We cant download the spreadsheet

Shankar Nath Sir... Please advise a retirement plan for Unmarried people and couple without Children... as this group will have a different requirement from others...big fan of your channel..Keep up the great work.

It is difficult to save 50% salary.

This is much better than Ankur Warikoo's FIRE calculator.

I am a becoming a big fan your concepts presentation and simplicity you explicit in explaining them, thank you. It will great to hear your thought process on investing post retirement (below 60) and generate monthly income from the corpus created for retirement

How do I download the excel? This is very helpful

Sheet is non editable

This video is absolutely fire! 🔥🔥🔥

This video perfectly captures the essence of the FIRE movement! 💪🔥 The strategies and insights shared here are incredibly valuable for anyone seeking financial independence and early retirement. I appreciate how it emphasizes the importance of intentional living, frugality, and smart investing to achieve long-term financial goals. The FIRE movement is truly empowering, offering a path to break free from the traditional 9-5 grind and live life on your own terms. Kudos to you for shedding light on this life-changing concept! 🌟

The calculator is great but it can be improvised. If possible please provide separate row for mutual fund, stock, ppf, nps such that we can have a better idea. Also a column for rental income would be helpful.

Everytime you say "hume farak padta" I feel like saying par hamey toh ghanta farak nahi padta hai :D pls don't block :O

Hello Shanker if my retirement saving is all into the PF and NPS along with long term equity fund does the Pre tax % needs to factored in ? As PF , NPS are tax free along with long term equity benefit. Can you please enlighten here

This is exactly the kind of information I was looking for!

one of the best finance planning channel.

I have taken an ulip plan... Aditya Birla wealth assure plus plan and allocation is kept 100 percent in pure equity fund... policy term is of 15 years and PPT is 10 years....is this a right Choice sir

Excellent as always.

This excel is flawed as you havent take the inflation into account

Thanks Shankar - this video is helpful!

many of these analysis don't factor expenses in raising a child, educating them etc

Thanks a lot for making this spreadsheet.
In a world of influencers who sell mastercourse along with spreadsheet - you gave away for free.

Cool sir ur good educator

Great Work.. Thanks!

How to download the excel from google doc? Its not givi me option to download. I am opening on mobile

Excellent video as usual. In the spreadsheet, shouldn't you reduce the value of the corpus by inflation? You took care of increasing the expense by inflation. At the same time, the value of corpus also drops due to inflation, right?

Abhe gandu sabhi jagah 58-60 year ka age limit he to kyu landoori kar raha he

Nice 👌

Hi. I was a NRE two years back. I had opened my account in ET money. Now, i am no longer a NRE but still cannot invest with ET money. It mentions that as NRE i cant invest with ET money. I wrote an email explaining my changed status, but they replied that once you register as NRE, you cannot change it. It is very surprising that ET money cannot take care of this technical glitch. Regards

Nice video

Excellent video. Thank you

He's on 🔥👌🏻

Superb

Hi can u make video on if person has 1cr want returns “ monthly “how to invest, its good topic to cover