Overview
Income (Monthly)
| Your salary (in-hand) | ₹4,00,000 |
| Wife's salary (in-hand) | ₹66,667 |
| LIC SB (Policy 448649854) | ₹4,583 |
| Total household | ₹4,71,250 |
Fixed Expenses (Monthly)
| Home loan EMIs (both) | ₹70,400 |
| Car loan EMI (Ford EcoSport, ends Sep 2026) | ₹13,000 |
| Living expenses | ₹60,000 |
| Kid (therapy + school + tuition) | ₹40,000 |
| Term + Health + Vehicle insurance | ₹9,667 |
| LIC investment premiums | ₹12,292 |
| Groceries / CC | ₹30,000 |
| Buffer | ₹10,000 |
| Total fixed | ₹2,45,359 |
Car loan auto-frees ₹13,000/month from Oct 2026.
Available for New Investments
| Net household surplus (with car loan) | ₹2,25,891 |
| − Wife's PPF (her income) | ₹12,500 |
| − Wife's SIP (her income, from Jun) | ₹30,000 |
| Free May 2026 (no wife SIP yet) | ₹2,13,391 |
| Free Jun-Sep 2026 (wife SIP starts) | ₹1,83,391 |
| + Car loan paid off Sep 2026 | +₹13,000 |
| Free Oct-Dec 2026 | ₹1,96,391 |
| + Apt 2 EMI gone Mar 2027 | +₹8,200 |
| + Jeevan Saral premium ends Mar 2027 | +₹2,502 |
| Free Apr 2027 onwards (Phase 3) | ₹2,07,093 |
Wife funds her own PPF + SIP from her ₹66,667/mo salary; she keeps ~₹24,167 personal.
Net Worth
| Home 1 (self-occupied) | ₹1,50,00,000 |
| Home 2 (parents) | ₹65,00,000 |
| Wife's PPF | ₹30,00,000 |
| Wife's SIP | ₹4,00,000 |
| Wife's HDFC Bank stock (250 sh @ ₹801) | ₹2,00,000 |
| Emergency fund | ₹4,00,000 |
| LIC accrued (rough) | ₹15,00,000 |
| FDs / Stocks (yours) | ₹0 |
| EPF | ₹0 |
| − Home loans outstanding | −₹73,00,000 |
| Net Worth | ₹1,97,00,000 |
Critical Health Checks
- Term life cover: ₹1 cr — INADEQUATE. Target ₹3-5 cr (2.5% of income).
- Parents' health cover: ₹5L / ₹8L — too thin. Add super top-up ₹15-20L each.
- Emergency fund: ₹4 L (1.7 months). Target: ₹15 L (6 months).
- Debt: Only home loans. No CC/personal debt. ✓
- Income: Stable + dual earners + LIC SB. ✓
- Liquid investments: Zero in your name. Need to start.
- Will: Not in place. ₹2 cr+ at stake. Make one.
The 5-Phase Plan
Stabilize & Start Building
May 2026 → Dec 2026 (8 months)
Theme: Rebuild liquidity buffer + start equity SIPs immediately. Three sub-periods as wife's SIP starts (Jun) and car loan ends (Sep).
Phase 1A — May 2026 only (no wife SIP yet, car loan running)
| Bucket | Monthly | Purpose |
|---|---|---|
| Liquid MF (Emergency Fund) | ₹50,000 | Start building EF from ₹4L |
| Equity SIP (your name) | ₹80,000 | New wealth creation — kick off month |
| NPS Tier 1 (your name) | ₹4,200 | ₹50K/yr → 80CCD(1B) |
| Cash buffer | ₹79,191 | Higher buffer while wife SIP not yet started |
| Total deployment | ₹2,13,391 |
Phase 1A is now just 1 month (May 2026) since wife's SIP starts in June. From June, Phase 1B kicks in with reduced cash buffer.
Phase 1B — Jun to Sep 2026 (wife SIP starts, car loan still running)
| Bucket | Monthly | Purpose |
|---|---|---|
| Liquid MF (Emergency Fund) | ₹50,000 | Continue EF building |
| Equity SIP (your name) | ₹80,000 | Continue |
| NPS Tier 1 (your name) | ₹4,200 | Continue |
| Cash buffer | ₹49,191 | Reduced as wife SIP now active |
| Total deployment | ₹1,83,391 |
Phase 1C — Oct to Dec 2026 (car loan paid off, +₹13K freed)
| Bucket | Monthly | Purpose |
|---|---|---|
| Liquid MF (Emergency Fund) | ₹50,000 | EF → ~₹8.5L by year-end |
| Equity SIP (your name) | ₹80,000 | Continue |
| NPS Tier 1 (your name) | ₹4,200 | Continue |
| Cash buffer | ₹62,191 | Restored after car loan ends |
| Total deployment | ₹1,96,391 |
Equity SIP allocation (₹80K):
- Nifty 50 Index Fund (UTI / HDFC) — ₹40,000
- Nifty Next 50 Index — ₹15,000
- Parag Parikh Flexi Cap — ₹15,000
- Motilal Oswal Nasdaq 100 — ₹10,000
The First Windfall
Jan – Mar 2027
Theme: Use the ₹19.6L wisely.
| Allocation | Amount | Why |
|---|---|---|
| Top up Emergency Fund → ₹15L | ₹6,50,000 | 6 months expenses |
| Close Apartment 2 home loan | ₹4,00,000 | Frees ₹8,200/mo, removes liability |
| Equity lumpsum (Nifty Index) | ₹9,12,000 | Front-load wealth creation |
| Total deployed | ₹19,62,000 |
Aggressive Wealth Building
Apr 2027 → Mar 2032 (5 years)
Theme: Maximum equity deployment during pre-college years. Apt 2 stays — parents continue living there.
| Bucket | Monthly |
|---|---|
| Equity SIP (your name) | ₹1,40,000 |
| NPS Tier 1 — ₹50K/yr (max 80CCD-1B) | ₹4,200 |
| PPF (your name) — ₹1.5L/yr (legal cap) | ₹12,500 |
| Cash buffer | ₹50,393 |
| Your monthly deployment | ₹2,07,093 |
| Wife's SIP (her income) | ₹30,000 |
| Wife's PPF (her income, ₹1.5L/yr) | ₹12,500 |
| Household total deployment | ₹2,49,593 |
Son's College Funding
2031 → 2037
Son turns 18 in 2031. The 2032-2037 LIC waterfall (~₹42L) lands EXACTLY when you need it.
| Funding Source | Amount by 2032 |
|---|---|
| Equity SIP corpus (₹80K → ₹1.4L SIP for 6 yrs @ 11%) | ~₹1.45 Cr |
| LIC maturities 2032-37 (your 814s) | ₹42 L |
| Wife's SIP corpus | ~₹37 L |
| Wife's PPF (still locked, but available) | ~₹56 L |
| Education war chest by 2032 | ~₹2.80 Cr available |
Funds international UG comfortably (₹1-1.5 Cr) with massive retirement buffer left over. Indian UG would leave most of this for retirement.
Retirement Glide Path
2037 → 2043 (age 54-60)
Theme: De-risk and lock in retirement.
- Jeevan Umang PPT ends Jan 2038 → ₹1.06 L/yr lifelong starts ✓
- LIC SB ₹55K/yr ongoing ✓
- Equity portfolio: ~₹8 Cr by 2043 (continuing ₹1.4L SIP)
- Wife's PPF: ~₹1.45 Cr by 2043
- Wife's SIP: ~₹1.91 Cr by 2043
- Home 1 loan: paid off ~2044 (one more year after retirement)
- Glide path: shift 5% equity → debt every year from 2037
- Target retirement corpus: ~₹14.6 Cr total / ₹12.6 Cr ex-home + lifelong income
- In today's purchasing power (5% inflation): ~₹6.5 Cr equivalent
📈 Net Worth Projection — Both Apartments Retained, 6% Real Estate Appreciation
Projections at 11% equity, 7.1% PPF, 9% NPS, 6% real estate CAGR. Both apartments kept. "Ex-home" = liquid net worth excluding Home 1 + Home 2 equity (i.e., what's actually accessible & investable — appreciation in real estate doesn't change Ex-home).
| Milestone | Scenario A: Hold Jeevan Umang | Scenario B: Surrender Umang at Jan 2038 |
|---|---|---|
| Today (May 2026) Home 1: ₹1.50 Cr · Home 2: ₹65 L |
₹1.97 Cr Ex-home: ₹55 L |
₹1.97 Cr Ex-home: ₹55 L |
| End Phase 3 (Mar 2032) Home 1: ₹2.13 Cr · Home 2: ₹92 L |
~₹5.40 Cr Ex-home: ~₹2.91 Cr |
~₹5.40 Cr Ex-home: ~₹2.91 Cr |
| End Phase 4 (Mar 2037) Home 1: ₹2.85 Cr · Home 2: ₹1.23 Cr |
~₹9.66 Cr Ex-home: ~₹5.98 Cr |
~₹9.66 Cr Ex-home: ~₹5.98 Cr |
| Jan 2038 (year 15, PPT end) Home 1: ₹3.02 Cr · Home 2: ₹1.31 Cr |
~₹10.71 Cr Ex-home: ~₹6.74 Cr Then: ₹1.06 L/yr starts, lifelong |
~₹10.71 Cr Ex-home: ~₹6.74 Cr +₹19.7 L tax-free surrender lumpsum (replaces policy value) |
| Retirement (Age 60, Apr 2043) Home 1: ₹4.04 Cr · Home 2: ₹1.75 Cr |
~₹18.29 Cr Ex-home: ~₹12.57 Cr + ₹1.06 L/yr lifelong income |
~₹18.35 Cr Ex-home: ~₹12.63 Cr No more LIC income |
Net worth composition at Mar 2032 (both apts retained, 6% RE appreciation)
| Home 1 @ 6% × 6 yrs | ₹2,13,00,000 |
| Home 2 (parents) @ 6% × 6 yrs | ₹92,00,000 |
| Equity portfolio (yours) | ~₹1,44,00,000 |
| Wife's PPF | ~₹56,00,000 |
| Wife's SIP | ~₹37,00,000 |
| Wife's HDFC stock | ~₹3,00,000 |
| Your PPF | ~₹9,00,000 |
| NPS | ~₹4,00,000 |
| Emergency Fund | ~₹15,00,000 |
| LIC accrued | ~₹22,00,000 |
| Total assets | ~₹5,95,00,000 |
| − Home 1 outstanding (no prepayment) | −₹56,00,000 |
| Net Worth (Total) | ~₹5.39 Cr |
| Net Worth (Ex-home) | ~₹2.90 Cr |
Real estate appreciation assumption
Using 6% CAGR for both apartments — a conservative middle estimate. Recent Kolkata trends (2023-2026) have been 8-12% YoY, but long-term sustainable Indian real estate growth is typically 5-7%. Source
| Year | Home 1 (from ₹1.50 Cr) | Home 2 (from ₹65 L) |
|---|---|---|
| 2026 (now) | ₹1.50 Cr | ₹0.65 Cr |
| 2032 (+6 yrs) | ₹2.13 Cr | ₹0.92 Cr |
| 2037 (+11 yrs) | ₹2.85 Cr | ₹1.23 Cr |
| 2038 (+12 yrs) | ₹3.02 Cr | ₹1.31 Cr |
| 2043 (+17 yrs) | ₹4.04 Cr | ₹1.75 Cr |
Note: Real estate appreciation only affects "Total NW" — "Ex-home" stays the same since we're excluding home equity. Inflation-adjusted (5% inflation): real growth in homes ≈ 1%/yr, so the apparent gains are smaller in today's purchasing power.
Jeevan Umang — VERIFIED 8% Survival Benefit (Plan 945)
✅ Confirmed by multiple sources: LIC Jeevan Umang Plan 945 pays 8% of Basic Sum Assured every year as survival benefit, starting from end of Premium Paying Term, continuing until age 100. For your policy (SA ₹13.25 L): ₹1,06,000/year guaranteed from Jan 2038 (age 56) to age 100.
Sources: Insurance21, LIC Calculator, PolicyX, Official LIC. Note: plan was withdrawn from sale Oct 2024 but existing policies remain in force with original terms.
Surrender values at different ages (estimates — call LIC for exact)
| Year | Your age | Status | Premiums paid | Cumulative SB received | Estimated surrender value |
|---|---|---|---|---|---|
| 5 | 45 | Paying | ₹5.20 L | ₹0 | ~₹4-5 L |
| 10 | 50 | Paying | ₹10.39 L | ₹0 | ~₹10-12 L |
| 15 | 55 | PPT ends | ₹15.58 L | ₹0 | ~₹18-20 L (peak) |
| 20 | 60 | SB mode | ₹15.58 L | ₹5.30 L | ~₹19-22 L |
| 25 | 65 | SB mode | ₹15.58 L | ₹10.60 L | ~₹19-22 L |
| 30 | 70 | SB mode | ₹15.58 L | ₹15.90 L | ~₹18-21 L |
| 40 | 80 | SB mode | ₹15.58 L | ₹26.50 L | ~₹17-20 L |
| 60 | 100 | Maturity | ₹15.58 L | ₹46.64 L | ~₹35-50 L (maturity) |
⚠ Surrender values are estimates based on standard LIC GSV/SSV formulas. Exact values change yearly based on LIC's declared bonus rates and surrender factors. For an accurate number, call LIC with your policy number on the day you're considering surrender.
Key insight: If you surrender at age 70, you collect ₹15.9 L (cumulative SB) + ~₹19 L (surrender) = ₹35 L total. If you HOLD until age 100: ₹46.64 L SB + ₹35-50 L maturity = ₹80-95 L total. Holding wins by ₹45-60 L assuming you live long. The breakeven age vs surrender at 55 is ~age 75.
You'll be sitting on ₹18.29 Cr total / ₹12.57 Cr liquid at retirement (age 60). Real estate accounts for ~₹5.7 Cr (Home 1 + Home 2), liquid wealth ~₹12.6 Cr.
Surrendering Umang at 2038 gives you a one-time ₹19.7 L cash boost, but only adds ~₹6 L to your 2043 net worth (after tax, growth, etc.). Holding gives you ₹1.06 L/yr lifelong income on top of the total NW — pure longevity insurance.
Recommendation: Hold Jeevan Umang. ₹12.57 Cr liquid is enough that the small surrender gain doesn't matter, and the lifelong income certainty in retirement does.
Note on inflation: ₹18.29 Cr in 2043 ≈ ₹8.0 Cr in today's purchasing power (at 5% inflation). Still very comfortable retirement.
Monthly Tracker
Tick off each item as you complete it. Data saves automatically to your browser. Export anytime as TXT for backup.
Goals
Future Cash Inflows
Locked & loaded — these are guaranteed (LIC) or near-guaranteed payouts.
| When | Amount | Source | Use it for |
|---|---|---|---|
| Already happening | ₹55,000/yr | Policy 448649854 (lifelong) | Counted as monthly income |
| Jan 2027 | ₹14,37,500 | Jeevan Shree (paid-up) | EF top-up to ₹15L + close Apt 2 loan ₹4L |
| Mar 2027 | ₹5,25,350 | Jeevan Saral maturity | Equity lumpsum |
| 2032 | ₹6,80,000 | Endowment 814 #1 | Son's college |
| 2033 | ₹6,74,520 | Endowment 814 #2 | Son's college |
| 2034 | ₹6,78,050 | Endowment 814 #3 | Son's college |
| 2035 | ₹6,85,100 | Endowment 814 #4 | Son's college |
| 2036 | ₹6,83,860 | Endowment 814 #5 | Son's college / PG |
| 2037 | ₹6,94,430 | Endowment 814 #6 | Son's PG |
| 2033-2037 | ~₹3,70,000 | Wife's 3 policies (495673973-75) | Family buffer |
| 2038 onwards | ₹1,06,000/yr | Jeevan Umang (lifelong) | Retirement income floor |
| By 2038 total | ~₹73 L | All maturities + Umang start | Plus equity portfolio growth |
🎯 Goal: ₹3 Cr by March 2032
Liquid wealth (excluding both home equities) — your revised target. Time horizon: 6 years.
Verdict: ✅ Easily achievable — basically there with current plan
| Goal (ex-home liquid wealth by Mar 2032) | ₹3.00 Cr |
| Current plan projection (May 2026 start) | ₹2.90 Cr |
| Gap to close | −₹10 L |
| ₹3 Cr Plan projection (₹10K extra/mo to equity) | ₹3.04 Cr ✓ |
A ₹9 L gap over 6 years is just ~₹1,250/month extra contribution — the smallest tweak imaginable. The current plan is essentially at the goal.
Why ₹3 Cr is so close to the current plan
Your current plan already projects ₹2.91 Cr ex-home liquid wealth at 2032. The ₹9 L gap to ₹3 Cr is well within the margin of error of equity returns. A single year of 12% returns (instead of 11%) would close it without any change.
| At Mar 2032 | Current Plan | +₹9L Tweak |
|---|---|---|
| Equity portfolio (yours) | ₹1.45 Cr | ₹1.54 Cr |
| Wife's PPF | ₹56 L | ₹56 L |
| Wife's SIP | ₹37 L | ₹37 L |
| Wife's HDFC stock | ₹3 L | ₹3 L |
| Your PPF | ₹9 L | ₹9 L |
| NPS | ₹4 L | ₹4 L |
| Emergency Fund | ₹15 L | ₹15 L |
| LIC accrued | ₹22 L | ₹22 L |
| Total ex-home liquid | ₹2.91 Cr | ₹3.00 Cr ✓ |
3 easy ways to close the ₹9 L gap
- Option A — Tiny cash buffer trim
Reduce Phase 3 cash buffer from ₹50,393 → ₹40,393/mo. That's just ₹10K/mo more to equity for 5 years. Adds ~₹10 L by 2032. ✓ - Option B — Wife small bump
Wife increases SIP from ₹30K → ₹32K/mo. Her personal cash drops from ₹24,167 to ₹22,167. Adds ~₹2.5 L by 2032 (not enough alone). - Option C — Do nothing, trust the plan
The ₹9 L shortfall is well within market return variance. In 2/3 of historical 6-year periods, equity returns exceed 11%. Often achieves ₹3 Cr automatically.
Recommended: Option A — minimal lifestyle impact, guaranteed math.
The Recommended ₹3 Cr Plan
Almost identical to current plan. Only one change: reduce Phase 3 cash buffer by ₹10K/mo → equity SIP.
Phase 3 — Apr 2027 to Mar 2032 (the only change)
| Bucket | Current Plan | ₹3 Cr Plan |
|---|---|---|
| Equity SIP (your name) | ₹1,40,000 | ₹1,50,000 |
| NPS Tier 1 | ₹4,200 | ₹4,200 |
| PPF (your name) | ₹12,500 | ₹12,500 |
| Cash buffer | ₹50,393 | ₹40,393 |
| Your monthly deployment | ₹2,07,093 | ₹2,07,093 |
Phases 1A, 1B, 1C, 2 stay exactly the same as current plan. Wife's contribution stays at ₹30K SIP + ₹12.5K PPF.
Risk-adjusted projections (because markets aren't smooth)
Equity returns vary year to year. Here's what your 2032 ex-home NW could look like in different scenarios:
| Scenario | Equity returns assumed | Ex-home NW at 2032 | Hits ₹3 Cr? |
|---|---|---|---|
| Pessimistic | 8% CAGR | ~₹2.65 Cr | No |
| Conservative | 9% CAGR | ~₹2.78 Cr | No |
| Base case (current plan) | 11% CAGR | ~₹2.91 Cr | Just short |
| ₹3 Cr Plan (₹10K extra/mo) | 11% CAGR | ~₹3.05 Cr | ✓ Yes |
| Optimistic | 13% CAGR | ~₹3.30 Cr | ✓ Yes |
| Boom market | 15% CAGR | ~₹3.55 Cr | ✓ Yes |
Even at 9% returns (well below historical Indian equity average), the ₹3 Cr Plan gets you to ~₹2.85 Cr — within touching distance. Above 11%, comfortable.
📋 Action Items for ₹3 Cr Plan
- Stick with the current plan for Phase 1, Phase 2 (no changes)
- In April 2027, when starting Phase 3, set equity SIP at ₹1,50,000/mo (instead of ₹1,40,000)
- That's literally the only change required
- Track equity portfolio milestones: ₹50L by Q4 2029, ₹1 Cr by Q3 2030, ₹1.5 Cr by Q1 2032
- If markets surge, you'll comfortably exceed ₹3 Cr; if they crash, you may land at ₹2.7-2.8 Cr
Tax Calculator (FY 2025-26 / AY 2026-27)
Compare Old vs New regime side-by-side using FY 2025-26 slabs. Updates live as you type.
Inputs
⚠ Old regime requires investment proofs. New regime has no deductions but lower slabs + ₹75K standard deduction.
Results
Net Worth Tracker
Take a monthly snapshot to track progress over time. Auto-saves locally + cloud (if sync enabled).
Add / Update Snapshot
Current Net Worth
History
Backup & Sync
☁️ Cloud Sync (cross-device)
Set a passphrase and use the same one on phone + laptop to keep data in sync via Cloudflare Workers + KV. Free, no signup, no data sold.
🔔 Browser Notifications
Get an in-browser reminder when a new month begins (only when you visit the site).
📅 Calendar Reminders (.ics)
Download a recurring monthly calendar reminder. Import once into Google Calendar / Apple Calendar / Outlook — and you'll get a notification on the 1st of every month to do your SIPs, plus a review reminder on the 25th.
📄 Export tracker data
Saves all your checked items as a plain text file. Email it to yourself, save to Drive, or print it out.
♻️ Restore from backup
Upload a previously saved JSON to restore your tracker state.
⚠ Important
Without cloud sync, your data is saved in browser localStorage only. If you clear browser data or use a different device, it will be empty. Either enable cloud sync (above) or export to TXT monthly as a backup.
Last save: never