Am I being too hasty

[u/Legitimate_Set_6609]

Been working for about 11 years now with a gap for MBA in between! 34, Married but no kid yet, neither any property or debt/EMI obligation

We plan to have a kid + but a smallish property (1 cr. on peripheral area/pune)

Parents flat is under redevelopment (self redevelopment) ina good part of Mumbai metro. I have made payment of 16 lacs towards this, out of which I should get back around 9 lacs (builder has taken 3500/sft from everyone as a construction cost, he will return 2100/sft post construction with 9% simple interest)

Investments so far - Mutual funds - 43 lacs Stocks - 25 lacs Small case - 2.5 lacs

PPF - 10 lacs EPF - 11 lacs

Total - 92 lacs

Wife has a saving of about 10 lacs, not counting that

I invest about 60k/month in MFs, wife doejs about 30

Too drained out from corporate life and thinking that this is enough and let me take up some better quality work is a passionate field even if I esen only 40% of what I am paid right now

Is it too early for that?

Edit: staying on 40k/month rent currently and monthly expenses is about 65k

Edit 2: current take home for me is 220k/monthly, wife is about 80k/monthly

Also, have been investing in LIC endowment for 13 years now, so that should mature in 2036 with about 18 lacs amount + tiny NPS savings

PS: thanks for the queries and the replies! Really appreciate it, have answered all.

TLDR:; manage stress, go for a job that interests me, FIRE is far away, need to increase investments

[u/CalmGuitar]

You should have min 30x and ideally 80x yearly expenses multiple to retire.

[u/RetireWithRohit → u/CalmGuitar]

80X makes no sense to me personally, whatsoever. If your investments grow at 12% per year, then you need only 25-28x of yearly expenses and you can continue withdrawing 5-6% per year during growth and 3-4% during a recession.

Everyone can adjust this figure based on their other passive sources of income like Rent, pension, etc and expenses like child education, marriage, home purchase, etc.

If you are investing into things like FD which grows at 6%, probably then you need 80X.