For building a healthy perpetual retirement corpus, the following thumb rules will be handy:-
1. Allocate at least 10% of current monthly income exclusively for it, without mixing it with other goals.
2. Corpus goal should be at least 240 times of estimated monthly retirement expenses.
3. Being a very long-term goal, top rated multicap funds would be more suitable to fulfill it.
4. Follow SIP mode to invest in it during your entire earning years.
5. Follow SWP mode to withdraw 5-6% of it, only after retirement, for meeting annual expenses.
6. This will allow your corpus to serve you perpetually, even when you stop SIPs after retirement, due to power of compounding.
1. Allocate at least 10% of current monthly income exclusively for it, without mixing it with other goals.
2. Corpus goal should be at least 240 times of estimated monthly retirement expenses.
3. Being a very long-term goal, top rated multicap funds would be more suitable to fulfill it.
4. Follow SIP mode to invest in it during your entire earning years.
5. Follow SWP mode to withdraw 5-6% of it, only after retirement, for meeting annual expenses.
6. This will allow your corpus to serve you perpetually, even when you stop SIPs after retirement, due to power of compounding.