Retirement Planning: If you also want to get one lakh rupees per month after retirement, then start this work from today!

pc: tv9hindi

Today’s youth are not only focused on starting their career but also on retirement planning. For that, it may be investing money in mutual funds or investing in pension schemes. He tries to do whatever can help him achieve his retirement goal. Today we are going to tell you how you can arrange a pension of Rs 1 lakh.

This is how much you will spend after retirement:

Anupam Guha, Head of Private Wealth Management, ICICI Securities suggests that if a person’s monthly expenses are around ₹1 lakh to ₹1.5 lakh, his monthly expenses after 25 years, assuming 5% inflation, will be Accordingly, it would be around ₹5.1 lakh. Considering a life expectancy of 85 years, it is advisable to build a conservative portfolio that reduces equity exposure by about 20% as one age.

Investment Strategy:

For predictable income, you can invest your graduation and EPF amount in long-term funds like HDFC Long Duration Fund and Nippon India Target Investment Fund. Mutual funds are a good option for those who do not want to invest in other schemes. According to a report in Money Today, to achieve a monthly income of ₹1 lakh, a person would need a corpus of around ₹4 crore at the time of retirement.

This is how pension arrangements will be done:

To accumulate a corpus of around ₹4 crore after 25 years, you need to start a Systematic Investment Plan (SIP) of around ₹12,500 today. This will yield a corpus of approximately ₹4.10 crore, assuming an average market return of 15%. Later, consider keeping this fund in a fixed deposit (FD) in a bank. This strategy will help you secure a pension of ₹1 lakh.