4-point plan for a fulfilling retirement
How to plan?
Start planning how much you should invest. Take a thumb rule of 6%
|on retirement||withdrawal||retirement corpus||% of corpus|
|1 st Year||Rs. 6,00,000||Rs. 1,00,00,000||6.00%|
|2 nd Year||Rs. 6,18,000||Rs. 94,00,000||6.57%|
|3 rd Year||Rs. 6,36,540||Rs. 87,82,000||7.25%|
(2nd& 3rd year withdrawal adjusted to 6% inflation rate)
Why plan with an SIP?
Retirement planning is a long-term goal and the investors can select from different types of funds, depending on their risk profile and time horizon. The critical success factors in retirement planning are starting as early as possible to get the benefits of compounding Investing in the right asset class and investing regularly staying disciplined on retirement planning.
Corpus at Retirement
|Number of years|
|monthly sip amount||returns||20 years||25 years||30 years|