Its always Better Late than Never to do Retirement Planning

Indians are ready for retirement, but haven’t saved enough. Survey, Aegon Retirement Readiness Survey 2015, reveals that approximate 73% of the respondent form the India believed that they will have to support family members, apart from spouse or partner, financially after retirement.

The person aged 35 today and having the monthly expense of Rs 25000/- wanting to retire at age 55 and life expectance of 80 years will require the approx 3.13 Cr rupees only for the retirement considering 8% inflation and 9% rate of return post retirement. His monthly household expense would be Rs 1,16,524/- which is currently Rs 25000/-.

The best time to start investing for your retirement is the day you get your first pay check. But it is always better to start late than never.SIP (Systematic Investment Plan) through the Equity Mutual Fund is the best Investment strategy for investing for the Retirement.

It is very essential to know the right amount of the fund you will require and the monthly investment you are required to do for attaining the peaceful Retirement Life.

Assuming the retirement is 20 Years away
Retirement Corpus Required	Expected Rate of Return
	8%	15%	18%
20000000	INR. 34,925	INR. 15,071	INR. 10,380
30000000	INR. 52,387	INR. 22,606	INR. 15,570
50000000	INR. 87,312	INR. 37,677	INR. 25,950

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SIP has a power to deliver the better return than the traditional Recurring Deposits in a long run. As on 30th June, 2015 the Average return given by SIP in Equity Funds for 15 years of period is 20.24%, while the minimum return was 13.11% which is far higher than the return from the recurring deposit of any bank or post office.

Ø  Have you planned for your retirement enough?

Ø  Do you know what would be your monthly house hold expense at the time of your retirement?

Ø  Do you know the pace at which your expenses will increase post retirement?

Ø  Do you know how much corpus you need to accumulate to live a peaceful retirement Life.

Click Here to know how much retirement corpus you will need and the SIP amount required to achieve that corpus.