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leon de souza
(@leondesouza)
New Member

How will i know what is the right amount i need to target for post retirement plans? What if i want to retire earlier than what is usually the norm?

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Posted : 29/04/2020 2:21 pm
Gaurav Shetty
(@gauravshetty)
Active Member

To calculate the retirement corpus needed - you will need to outline three things:
1. What is the post-retirement monthly income needed by you and for how many years you need this income
2. Are you planning to do a big expense post-retirement - like buying a new house etc.
3. Is your post-retirement healthcare expenses taken care off - via health insurance, critical illness cover etc.

Adding inflation of 5-6% annually to each of these expenses will help you derive an approximate sum needed by you before retirement to manage them.

Hope this helps.

ReplyQuote
Posted : 30/04/2020 10:26 am