1. Even a 50-yr old earner, aiming to retire at 65, can still build a suitable retirement corpus for lasting his entire lifetime.
2. To achieve this, he should systematically invest 1/3rd of his targeted monthly retirement expenses in a top-rated multicap fund through SIPs during his 15 earning years.
3. Thereafter, he can stop the SIPs and start withdrawing his monthly retirement expenses through SWPs from it perpetually, leaving behind a fund corpus too.
4. After retiring, if he desires a "safer" investment, he can switch his corpus to any hybrid equity fund for activating SWPs, which would still last till his lifetime.
5. A tip - During his retirement, whenever there are any savings from his monthly expenses, he can even "reinvest" them into the same fund as lumpsum.
2. To achieve this, he should systematically invest 1/3rd of his targeted monthly retirement expenses in a top-rated multicap fund through SIPs during his 15 earning years.
3. Thereafter, he can stop the SIPs and start withdrawing his monthly retirement expenses through SWPs from it perpetually, leaving behind a fund corpus too.
4. After retiring, if he desires a "safer" investment, he can switch his corpus to any hybrid equity fund for activating SWPs, which would still last till his lifetime.
5. A tip - During his retirement, whenever there are any savings from his monthly expenses, he can even "reinvest" them into the same fund as lumpsum.