Currently 27. I need to save a minimum of 1.5M euro and home paid for. I need to do a minimum of 500k and the home earlier than mid 40s.
With my greatest efforts, I can do about 1k in private saving per months alongside aspect about 1.2k in non-public pension (which is pretax). My pension fund is predicted to be 800k given retiring in 60. Then I’m doing Zurich month-to-month funding for the financial savings.
Being from one of many Indian Subcontinental nations, I do not imagine in Govt pension AT ALL, specifically given the pattern. Also as a person who has been in US for some time of their profession at younger wholesome age, I actually appreciated US’s libertarian philosophies. I battle lots with total excessive European revenue taxes and comparatively low revenue. For comparability, my US colleagues saves about 2.5k on avg after taxes moreover most 401k.
I’m all the time fearful that 1.5M may not be sufficient.
How a lot do you assume ought to be saved?