What is an ideal plan to earn ₹2 lakh after retirement?

-knowledge

You plan to work for the next 15 years. This means that the number of years after active work is much higher than your working years, i.e. you work for 15 years to take care of your retired years, which is, let’s say, another 40 years. can.

You need to provide not only for your retirement but also for your daughter’s education. For this you will need to save up to your maximum potential.

Start investing monthly in mutual funds for a long period of time. This will require discipline and the growth in income will need to be channelized to investments.

Make an asset allocation and ensure that equity mutual funds are used for long-term investments to provide inflation-adjusted returns.

I am 27 years old and I am married. our combined salary is 75,000 per month. we have allotted 30,000 for savings. Currently, I am investing in 4 different SIPs 2,500 each ( 10,000 total), in addition 5,000 more in NPS 5,000 in PPF

What would be my ideal plan if I want to get a pension? Rs 2 lakh per month after retirement, considering inflation to be 6 percent?

-Vivek ji. Rabindranath

You need to push yourself to be able to achieve this. This will require discipline in your savings, as well as an increase in salary to increase the savings. Let’s look at the current numbers 30,000 per month for the next 33 years (retirement at the age of 60) will deposit you a corpus Your total corpus will be around 1.2 crores and an increase of 9% 7.4 crores. it translates 3.7 lakhs per month at a withdrawal rate of 6%; and considering inflation at 6% makes sense will be equal to 3.7 lakhs 54,000 of today’s time.

This means that we have to start increasing the savings amount at every opportunity to increase the savings.

Surya Bhatia is the Managing Partner of Asset Managers.