See exactly how your net worth stacks up vs your age and income peer group — and your gap to financial independence.
The Millionaire Next Door formula (Net Worth = Age × Income / 10) is a useful starting benchmark. At age 32 with ₹12L income, you should ideally have ₹38.4L net worth. The 4% retirement rule says you need 25× annual expenses as a corpus. Most urban Indians are 20–30 years behind on both metrics — not because of low income, but high lifestyle spending and low investment rates.
At 30 with ₹12L annual income, the Millionaire Next Door benchmark suggests ₹36L (30×12/10). However, Indian context adjusts for higher housing costs and lower starting salaries. A practical target: at least 2–3× your annual income by 30, and 5× by 40.
Saving 20–30% of take-home income is considered healthy. The average Indian salaried employee saves about 10–15%. High-earners (₹30L+) should target 30–40% savings rate, channelled into equity MF SIPs, NPS and other instruments.
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