1. Accumulation and withdrawal amounts decide the success of a retirement plan, irrespective of an investor's age.
2. Initially, he should build a retirement corpus of 20+ times (or more) of his post-retirement annual expenses (generally taken as 80% of pre-retirement annual expenses).
3. He can then "safely retire", irrespective of his age, by shifting this retirement corpus to a hybrid aggressive balanced fund.
4. Thereafter, he can keep withdrawing his monthly retirement expenses from it for his entire life.
5. Even long-term inflation gets taken care of perpetually, if annual returns of his retirement corpus remains 5.2% more than it.
6. When so, his entire retirement corpus remains fully protected too, and in fact, continues to grow during his retired life, leaving a healthy bequeathal.
7. If he prefers to keep his retirement corpus in products whose annual returns are ranging from 0%-5% more than long-term inflation, it will exhaust after 20-75 years.
2. Initially, he should build a retirement corpus of 20+ times (or more) of his post-retirement annual expenses (generally taken as 80% of pre-retirement annual expenses).
3. He can then "safely retire", irrespective of his age, by shifting this retirement corpus to a hybrid aggressive balanced fund.
4. Thereafter, he can keep withdrawing his monthly retirement expenses from it for his entire life.
5. Even long-term inflation gets taken care of perpetually, if annual returns of his retirement corpus remains 5.2% more than it.
6. When so, his entire retirement corpus remains fully protected too, and in fact, continues to grow during his retired life, leaving a healthy bequeathal.
7. If he prefers to keep his retirement corpus in products whose annual returns are ranging from 0%-5% more than long-term inflation, it will exhaust after 20-75 years.