NRI Couple Contemplates Returning to India

The aspiration of moving abroad for a better life is a common dream among many Indians. However, the reality of living overseas often prompts introspection about whether the grass is truly greener on the other side. A young Indian couple, who pursued this dream and settled in the United States for over 15 years, is now reconsidering their future. They have turned to Reddit for advice on whether they should return to India and how much money would be sufficient to retire comfortably as a family of three.

Financial Considerations for Retirement

In their mid-30s and parents to a young child, the couple expressed their desire to take a break from work upon returning to India. They are contemplating early retirement and are curious about the financial requirements for maintaining a comfortable lifestyle while raising their child. The couple’s post, titled “What would be good numbers to move to India and retire,” sparked significant interest on Reddit.

Community Reactions and Advice

The original poster (OP) revealed that they possess approximately $3 million (around Rs 25 crore) in assets. While they are currently on a visa, their child holds US citizenship. Redditors were quick to respond with varied opinions. Some users suggested that $3 million is sufficient for living in any Indian city, while others highlighted factors such as location and lifestyle choices that could influence expenses.

Diverse Opinions on Cost of Living

One user pointed out that living in a tier 2 city could keep monthly expenses around Rs 75,000, including rent and basic needs. However, if the couple owns a house or chooses a more luxurious lifestyle, costs could rise significantly. Another user emphasized that lifestyle preferences could lead to expenses ranging from $50,000 to over $10 million.

Challenges of Maintaining a US Lifestyle in India

A third user shared insights from their recent stay in Bangalore, noting that living in premier gated communities with amenities similar to US suburbs could be costly. They advised the couple to consider their lifestyle preferences carefully when deciding if $3 million would suffice for their return to India.