Have a Doubt?
How much money will I need at retirement?
Retirement, it is often said, is the golden era of one's life. And rightly so, after all the retirement
planning gives you the freedom to live your life your way. And for a completely peaceful
retirement, one needs to start planning as early as possible.
- Consider your present age, retirement age and age till when you would want to receive pension income.
- Calculate monthly expenses, income and expected rate of inflation to get a picture of your expenses at retirement.
- Evaluate all your current assets like bank deposits, investments, gold and other precious items and so on. Assess how much these would grow over the years to ascertain your future asset value.
- Deduct the expenditure calculated from the future asset value. What you will get is the actual pension plan required.
It is recommended to start at younger years, since the premium payable will be less.
While all of us would like to retire comfortably, the complexity and time required in building a successful retirement plan can make the whole process seem a tad bit confusing. So, let us guide you through this process and show you how simple it actually is. All it takes is a little homework, an attainable savings, a disciplined approach and a long-term commitment.
Download whitepaper on retirement planning