1. Accumulation and withdrawal amounts decide the success of a retirement plan, irrespective of an investor's age.
2. Firstly, he systematically accumulates a retirement corpus equivalent to 240 times of his estimated monthly retirement expenses, in a multicap fund or diversified equity funds.
3. He can then "afford to retire", irrespective of his age, and even stop further investment in his retirement corpus.
4. Thereafter, he can shift his accumulated retirement corpus to a hybrid aggressive balanced fund, and then keep withdrawing his monthly retirement expenses from it for his entire life, even after adjusting inflation, if annual returns of his retirement corpus remain 5.2% more than it.
5. When so, his retirement corpus, too, remains fully protected and, in fact, continues to grow during his retirement, leaving a healthy bequeathal.
6. In case he chooses to shift his accumulated retirement corpus to a financial product whose annual returns are ranging from 0%-5% more than inflation, it will exhaust after 20-75 years.
2. Firstly, he systematically accumulates a retirement corpus equivalent to 240 times of his estimated monthly retirement expenses, in a multicap fund or diversified equity funds.
3. He can then "afford to retire", irrespective of his age, and even stop further investment in his retirement corpus.
4. Thereafter, he can shift his accumulated retirement corpus to a hybrid aggressive balanced fund, and then keep withdrawing his monthly retirement expenses from it for his entire life, even after adjusting inflation, if annual returns of his retirement corpus remain 5.2% more than it.
5. When so, his retirement corpus, too, remains fully protected and, in fact, continues to grow during his retirement, leaving a healthy bequeathal.
6. In case he chooses to shift his accumulated retirement corpus to a financial product whose annual returns are ranging from 0%-5% more than inflation, it will exhaust after 20-75 years.