New Delhi, May 6 -- Calculations for F.I.R.E. number: I asked ChatGPT to calculate the required F.I.R.E. number to create corpus for early retirement at 35 with Rs.15 lakh per annum salary. F.I.R.E. is the personal finance concept dubbed as "financial independence, retire early".
I am 35 working in a corporate and earning Rs.15 lakh pa. I live in Bangalore, pay Rs.23,000 monthly for rent, Rs.10,000 monthly for grocery and utilities, and spend Rs.16,000 monthly for leisure and shopping, etc. I want to retire early. What should be my F.I.R.E. number?
You're already thinking about this the right way-FIRE starts with clarity on expenses, not income. Let's break it down in a practical way.
Your Current Annual Expenses
You likely have a few...
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