Retirement planning: In today’s time, investment has become as important as income. Even after retirement, if you want a pension of Rs 1 lakh every month, then we are going to tell you the best way to invest so that your future will be happy…
Investment: After marriage and education of children, the biggest responsibility is regarding retirement planning. This is also an important goal of life for every person so that old age can be spent happily. Therefore, it is important to start investing for pension from today itself. Suppose your age is 40 years and you want to get a pension of Rs 1 lakh every month at the age of 60, then you will have to invest systematically for this.
First of all 3 things should be followed for retirement planning. In this, calculate the amount required at the time of retirement which you will get as pension every month till you live. After this, see how much you will need to save and invest to arrange this required amount of money. Then decide where to do it to get the specified returns.
According to an investment advisor in a Money Today report, an income of Rs 50,000 per month today will amount to Rs 1.6 lakh per month after 20 years at an inflation rate of 6 percent per annum. In such a situation, to get a pension of Rs 1 lakh every month for the next 20 years, you will need a fund of Rs 3.98 crore, which you will have to raise through retirement planning in 20 years.
To earn Rs 3.98 crore in the next 20 years, you will need a monthly investment of Rs 38,000. To achieve this amount, you should invest 40 percent in debt funds and 60 percent in equity. You will have to gradually increase your investment in equity by increasing the SIP amount by 5% every year. You have to invest Rs 15,000 in debt and Rs 23,000 in equity per month and this investment should grow by 5% every year.
In this way, by expecting 8% return from debt fund and 12% return from equity, after 20 years you can get approximately Rs 88 lakh from debt investment and Rs 3.15 crore from equity investment. In this way, you will accumulate around Rs 3.98 crore at the age of 60 and you can get a pension of more than Rs 1 lakh every month for the next 20 years. However, this is purely a potential return, as equity investments are subject to market risk, so do consult your financial advisor regarding retirement planning and investments.
