Finance Plan

Soumyajit Sarkar · Age 43 · May 2026

Net Worth ₹1.97 Cr
Monthly Surplus ₹1.83 L
Today

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

1

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).

BucketMonthlyPurpose
Liquid MF (Emergency Fund)₹50,000Start building EF from ₹4L
Equity SIP (your name)₹80,000New wealth creation — kick off month
NPS Tier 1 (your name)₹4,200₹50K/yr → 80CCD(1B)
Cash buffer₹79,191Higher 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.

BucketMonthlyPurpose
Liquid MF (Emergency Fund)₹50,000Continue EF building
Equity SIP (your name)₹80,000Continue
NPS Tier 1 (your name)₹4,200Continue
Cash buffer₹49,191Reduced as wife SIP now active
Total deployment₹1,83,391
BucketMonthlyPurpose
Liquid MF (Emergency Fund)₹50,000EF → ~₹8.5L by year-end
Equity SIP (your name)₹80,000Continue
NPS Tier 1 (your name)₹4,200Continue
Cash buffer₹62,191Restored 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
2

The First Windfall

Jan – Mar 2027

Theme: Use the ₹19.6L wisely.

AllocationAmountWhy
Top up Emergency Fund → ₹15L₹6,50,0006 months expenses
Close Apartment 2 home loan₹4,00,000Frees ₹8,200/mo, removes liability
Equity lumpsum (Nifty Index)₹9,12,000Front-load wealth creation
Total deployed₹19,62,000
3

Aggressive Wealth Building

Apr 2027 → Mar 2032 (5 years)

Theme: Maximum equity deployment during pre-college years. Apt 2 stays — parents continue living there.

BucketMonthly
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
Apt 2 — keeping it: Worth ~₹65L, dead capital but parents need a home. Loan closed Mar 2027 via Phase 2 windfall (₹4L). No appreciation assumed in projections. Reconsider sale only if parents move in with you, or you need a major liquidity event.
4

Son's College Funding

2031 → 2037

Son turns 18 in 2031. The 2032-2037 LIC waterfall (~₹42L) lands EXACTLY when you need it.

Funding SourceAmount 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.

5

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

YearHome 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)

YearYour ageStatusPremiums paidCumulative SB receivedEstimated surrender value
545Paying₹5.20 L₹0~₹4-5 L
1050Paying₹10.39 L₹0~₹10-12 L
1555PPT ends₹15.58 L₹0~₹18-20 L (peak)
2060SB mode₹15.58 L₹5.30 L~₹19-22 L
2565SB mode₹15.58 L₹10.60 L~₹19-22 L
3070SB mode₹15.58 L₹15.90 L~₹18-21 L
4080SB mode₹15.58 L₹26.50 L~₹17-20 L
60100Maturity₹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.

The trade-off in plain English (both apts retained, real estate @ 6% appreciation):

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

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Goals

Future Cash Inflows

Locked & loaded — these are guaranteed (LIC) or near-guaranteed payouts.

WhenAmountSourceUse it for
Already happening₹55,000/yrPolicy 448649854 (lifelong)Counted as monthly income
Jan 2027₹14,37,500Jeevan Shree (paid-up)EF top-up to ₹15L + close Apt 2 loan ₹4L
Mar 2027₹5,25,350Jeevan Saral maturityEquity lumpsum
2032₹6,80,000Endowment 814 #1Son's college
2033₹6,74,520Endowment 814 #2Son's college
2034₹6,78,050Endowment 814 #3Son's college
2035₹6,85,100Endowment 814 #4Son's college
2036₹6,83,860Endowment 814 #5Son's college / PG
2037₹6,94,430Endowment 814 #6Son's PG
2033-2037~₹3,70,000Wife's 3 policies (495673973-75)Family buffer
2038 onwards₹1,06,000/yrJeevan Umang (lifelong)Retirement income floor
By 2038 total~₹73 LAll maturities + Umang startPlus 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 2032Current 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

  1. 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. ✓
  2. 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).
  3. 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.

BucketCurrent 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:

ScenarioEquity returns assumedEx-home NW at 2032Hits ₹3 Cr?
Pessimistic8% CAGR~₹2.65 CrNo
Conservative9% CAGR~₹2.78 CrNo
Base case (current plan)11% CAGR~₹2.91 CrJust short
₹3 Cr Plan (₹10K extra/mo)11% CAGR~₹3.05 Cr✓ Yes
Optimistic13% CAGR~₹3.30 Cr✓ Yes
Boom market15% 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

  1. Stick with the current plan for Phase 1, Phase 2 (no changes)
  2. In April 2027, when starting Phase 3, set equity SIP at ₹1,50,000/mo (instead of ₹1,40,000)
  3. That's literally the only change required
  4. Track equity portfolio milestones: ₹50L by Q4 2029, ₹1 Cr by Q3 2030, ₹1.5 Cr by Q1 2032
  5. If markets surge, you'll comfortably exceed ₹3 Cr; if they crash, you may land at ₹2.7-2.8 Cr

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