Pension Calculator: What You Need to Get ₹1 Lakh Monthly Income After Retirement

On investment tools that can help Sakshi achieve her post-retirement goal; Vineet Khandare, CEO and Founder, MyFundBazaar India Pvt Ltd, said, “One has to keep inflation in mind even after retirement. To achieve this ambitious target, ₹1 lakh monthly income after retirement, one can consider creating a corpus of approx. ₹13 crore which can be invested in SWP (Systematic Withdrawal Plan) for the next 25 years. “

Vineet Khandare of MyFundBazaar India advises investors like Sakshi to go for equity mutual fund SIP (Systematic Investment Plan) as it gives around 12 to 14 per cent returns over the long term. He said equity mutual fund investments easily beat inflation in long term investments. He also advised to increase the SIP by 15 per cent annually as it helps the investor to bring down his monthly SIP to the lowest possible level.

mutual fund calculator

considering that ₹Considering 13 crore investment target, around 13 per cent mutual fund returns and 15 per cent annual step up in one’s mutual fund SIP, the SIP calculator tells that one would need approx. ₹from 17,000 ₹To achieve 18,000 monthly SIP for 25 years ₹1 lakh monthly income after retirement.

When asked about mutual fund SIP schemes that can help an investor to achieve the above-mentioned investment goals; Pankaj Mathpal, Founder and CEO, Optima Money Managers, listed the following 5 mutual fund schemes:

1]ICICI Prudential Focused Equity Fund;

2]ABSL Equity Advantage Fund;

3]Axis Midcap Fund;

4]Nippon Small Cap Fund; And

5]ICICI Prudential Global Advantage Fund.