Starting with FIRE 🔥
Hi all.
I joined this sub a few months ago and I’m incredibly inspired by everyone here. As I’m starting my journey I’d love any advice I could get here.
About me: I’m 26(M) about to be 27 in a few months. I have a wife and we’re a DINK household and plan to stay that way throughout. I work in life sciences consulting in the US and my wife is a researcher. I have about $40K saved, $10K in IRA (I rolled over my 401(K) from my previous job ; and $20K invested in ETFs, bonds and stocks, and about $10K liquid for emergencies. We are both Indians, I’m on H1B and she is on OPT. I have an education loan of $34K which I hope to clear by September 2027. We plan on moving to India right after the loan is cleared. Post that I’m fairly confident I’ll be earning about 30LPA post taxes in India. I also hope to start something of my own in India, eventually hoping to transition full time to this for income (not sure yet what I’d do, but would continue with my job until I know for certain. My job would also let me work on my own thing during that day as I would be working in the evenings)
What number should I am for? Planning to retire in Mumbai, Hyd, Pune. Would also be open to lower expense cities like Goa (I’ve also lived there for most of my childhood)
Would appreciate any advice, esp from folks who came back to India early in their careers and managed to achieve FIRE. Happy to provide more details as needed in the thread!