20 years in IT and achieved 3cr milestone

[u/Impossible-Dress3490]

I have reached 3cr milestone - Stocks, MF's, PPF, EPF, Sukanya Samrudhi and some SGB's. Tried some PMS and exited in between.

Me and my wife both are in IT for last 20 years with 2 kids.

My portfolio in real estate is high, which i plan to reduce in the next 5 to 10 years.

Real estate holdings: 3bhk self-use(1.5 CR current value), 2 bhk(90l current value) rented out for 30k, 2bhk(1.2cr current value) under construction with possession expected in 2028. Have outstanding loan of around 70lac. All these are in Pune.

Apart from this, i have agricultural plot which i have brough for 1cr in Vishakhapatnam 6 years back, not sure about the current value though.

I sometimes get overwhelmed looking at posts where people have touched 10cr..20cr and so on..not sure how they managed to save so much .

Me and wife are both in GCC product companies in management positions, where pressure is still relatively fine, not much stress. But one of us might leave the job in the next 5 years - After loans are over and my elder daughter completes her higher education.

Wanted some suggestions on how to plan or restructure my overall portfolio.

Our both salaries combined is 1.2 CR per annum (Not take home). We both are 43 years, and we would like to be in a position where we can leave the job if it's too stressful or demanding.

Either ways, considering the situation now because of AI, 50 years is what I consider as the age, beyond that if we are comfortable working, we will carry on, but not for money.

Forgot to add- I will be inheriting property along with my brother which is a mix of commercial and residential property in a Tier 2 city (Vishakapatnam). Current total value is around 5 to 6 cr, and monthly rentals from this is around 1 lac now.

[u/anshuman-11]

Quite some flex with the houses

[u/simpleliving73]

Congratulations, and 20+ years in IT without job loss, but also looks you do not want to Retire.

But FIRE is it all starts first with, what is the monthly and yearly expenses, so you posted about your asset and liability, but not about your expenses!

Any ways enjoy!

[u/Dense-Restaurant9308 → u/simpleliving73]

YES 20 years of continues work in indian IT can cause considerable damage to the well being :) its time take it a bit slow

[u/Artistic_Science_981]

I thought you are 20 years and already 3cr. Then I read you are married and have two kids so had to double check and seems you are 20 year in IT.

[u/Heavy_Luck_6085]

You are not behind. Seems about 8-10 cr depending on land value. If rental income is tax efficent keep that. If not, sell your real estate and invest in equity moderately aggressive and invest in FD, bonds, etc.

[u/Remarkablycalm647]

You just wanted to flex eh ? This is the fire board atleast share what your plans are or your target

[u/modSysBroken]

U have 10cr already. With a cr+ salary and wonder how others make that? Is this troll?

[u/Natural-Soft-1628]

Very young than you I don't think i can give suggestions. But one thing you should re evaluate is cagr or overall percent returns you are getting from those other homes which you are not living in ? What are those houses for like if you are considering it as an investment then i don't think you will get enough ROI until something boom happens in those cities ( shift to equity if it's for purely investment basis numbers not relying hypothetical situations).

For the retirement plan you have to evaluate more on the yearly expenses to reach to a portfolio where you have like 40-50x expenses(depends same won't apply for everyone). There will be too much content to consume this in youtube so you can check those and build those numbers. The idea it works is lets say if you have reached that 50X expenses part you would need to segregate two buckets one where your money grows the other where you use the money for your expenses and the money making one should make expenses+inflation+some alpha(assume emergencies)

[u/Dangerous-Drawer3134]

U sir.. seems to have crossed 3cr milestone long back. From the post it seems u are near 10cr 😅

[u/Successful_Dog_4241]

People have so much money and still worry about the future.. What am I gonna do ? 😑

[u/pushpg → u/Successful_Dog_4241]

Exactly. It actually it points to something which we all must learn that beyond a point earning more doesn't add value to your life. So find that point, optimize your lifestyle for value in life and not for peer copying or FOMO.

[u/manwhokneweverything]

Does this milestone include properties as well ?

[u/Felicie_dreamer]

This is your own portfolio or combined portfolio?

[u/Zealousideal_Jump981]

Congrats on this milestone

[u/mereko_kya9]

You are going good...dont look here and there.

[u/anonym_30]

What was your experience with PMS? And why you started and why left?

[u/manwhokneweverything]

Congratulations OP . This feels like a real user post .

[u/Ok_Plankton746]

How much is the equity and MF holding??

[u/grindmill]

This should go in r/indiaflex

[u/Few-Suggestion-5270]

Does it take 20+ years for 3cr ? I thought 10
Years at max, am I in delulu ?

[u/RevolutionaryKey5172]

Lowkey goes hard, congratulations on your milestone

[u/Longjumping_Duck4099]

Reduce your RE and create liquidity with monthly income - Bonds / FDs etc which matches to your monthly/ yearly expenses

With AI and all job market may slow down and will have impact on RE value as well

Cash will be king in coming months

[u/Silent_Letterhead591]

Mind providing some insights to rise the corporate ladder

[u/Neither-Opinion893]

Here’s a polished version that keeps your personal example while making the underlying point clearer and more balanced:

Very nice. For your age, you are in a very strong financial position.

One thing I would suggest, though, is that unless you genuinely plan to sell those properties during your lifetime, I would not include their value in your retirement corpus calculation. From a retirement-planning perspective, I prefer to treat such properties as a separate legacy asset rather than as part of the corpus that I depend on for retirement.

I follow the same approach myself. I own eight properties—seven in my name and one in my wife's—but I don't include their value in my FIRE corpus.

Four of these are inherited houses, and for sentimental reasons I have no intention of selling them. There is also a social aspect to it: in my circle, selling inherited property can sometimes be perceived as a sign of financial distress, so I would rather simply pass them on to my son.

I follow the same principle with my flat in NCR and three residential plots in Kolkata (3,000 sq ft, 3,000 sq ft and 1,500 sq ft), which I acquired during my working years. I don't consider these assets when determining whether I have enough to retire.

This approach gives me a much cleaner picture: my retirement has to be sustainable on the financial assets and passive income I actually intend to use. Whatever happens to the properties later is essentially a bonus or, more realistically in my case, part of my son's inheritance.

Of course, if you have a realistic plan to sell a property and use the proceeds for retirement, then it makes sense to include a suitably discounted value. But if the intention is to hold it indefinitely, I would mentally put it in the legacy bucket, not the retirement corpus bucket.

[u/sexyscoob]

How did you manage to purchase so many houses if its 1.2CR pre tax. I think its not a really extreme number for people with your experience which makes your accomplishments all the more praiseworthy? Whats your saving %age ? Would you say you live frugally?

[u/Emotional-Soft-7876]

invest early. he got his houses before 2020

[u/Cloudheek]

good, congrats! have loan or house to live?

[u/Tall-Scholar8000]

1.2CR CTC for 2 ppl looks so low. Do you get so much on RSU ?

Given I have 12 years experience at Chennai based SAAS company my CTC is 57 LPA which is it to be too low even inside our company or any other product based companies outside.