how much ppf do i need

how much ppf do i need

to achieve annual income equivalent to 10.5 lac in today’s value. Please sir , can you share the calculation of it. 22 lakhs Question: Would my Rs. I can understand your point. #1.6. The calculated retirement corpus (Rs.1.5 Crore). (Husband is earning and will continue to work upto his age of 58 years. Thanks for posting your comment. It is the income that our retirement corpus must generate each year, post retirement. To meet this expense requirement, our retirement income must be at least Rs.10.5 lakhs per year. Yes. – Goal (corpus to be built) = Rs.6.0 Crore. I want to retire within one or two months. I agree, this is one way of looking at the “required retirement corpus”. A PPF is such a scheme that falls under EEE category or Exempt-Exempt-Exempt category. Also, the larger the amount you invest, the greater the impact of compounding. Salary Dependency: How to Stop Living Paycheck to Paycheck? : +91-22-61217200; Contact: Morningstar India Help Desk (e-mail: Mam, With the introduction of deduction less tax policy, do you think that PPF is still a useful tool in our high inflation regime? To generate an annual income of Rs.10.5 lakhs per year, @7% per annum, the size of the invested funds must be Rs.1.5 Crore. The balance amount after 25 years (from date of retirement) will be zero. You seem to be implying that 10.5 Lakh per annum will be enough to cover the expenses you have listed in this example YoY and indefinitely? So, you are right - PPF is not for everyone! ): Rs. Suppose ones monthly expense is say Rs.10,000. Now look at this cumulative impact over 15 years. 1.5 lakhs, you should check how much you need to invest in PPF and also how much you can reduce in taxes with this investment. The answer hides in our ‘retirement corpus’. If not, you can give it a pass. Dividend Paying Stocks: Top Indian Stocks [2021]. Company: Morningstar India Private Limited; Regd. Kudos for the author who has indepth knowledge and made excellent analysis, very useful for retired person’s like me. In other words, the size of retirement corpus must be big enough to generate a minimum income of Rs.10.5 lakhs per annum. We are family of 4 and wife is working with 50k salary per month. My current job income is 2 Cr per year, 60% of it can go in to savings. In College, Parents should arrange education loan for the children. a) Lump-sum investment of Rs.9.3 Lakhs today @7% p.a. The income tax slabs has been altered. My monthly expense is 25k.i get 12k from rent and rest 13 k i have to manage out of my savings. How to go about managing your personal finance? They also decided to extend it on maturity till they really needed the money post retirement. That means it would have matured on March 31, 2016. Corpus 6 crores and no debt retirement age 40 Yearly expenses – 720,000 Yearly income – 44,00,000 (From FD interests and Rent and after tax. Try and put your money before the 5th of the month. One query. In next few months, you are going to retire from your job. Because Rs.1.5 Crore is the required-value if one retires tomorrow. I own home, no loan, it is fully paid. 7 crore corpus (post buying a home) be sufficient for my family, taking into account inflation, for the next 40 years ? But now his contribution to the EPF and VPF and insurance premiums have enabled him to max the Section 80C limit. My father was planning retirement as it was inevitable due to his age. The money in your PPF account is compounded annually and credited to your account at the end of the financial year. My total savings at retirement (in 2 years): Rs. All the interest earned is tax free. I liked all ur articles & I m a big fan of yours. One must be careful while answering this question. How to do it? First step will be to invest Rs.2.0 Crore (like in FD). PPF or Public Provident Fund is a savings-cum-tax saving investment scheme introduced in the year 1968, by the National Savings Institute of India’s Ministry of Finance.. Thank u for sharing of valuable fin. My current corpus : Rs. 1.2 Lakhs and to grow the corpus? What corpus shuld i require.pls respond. My mother has expired earlier. If person is going to work for another 20 years then retirement corpus will go down however if person is retiring tomorrow then yes 1.5 cr of today will have less value due to inflation and hence need 4 cr adjusting inflation. Explaining very candid way Can u guide if any one has shortage of 1.5cr as of today how he can compensate the gap, Increase income, save more, invest wisely . I have a only sister. Also, the entire accumulated amount including the PPF interest rate is completely tax exempted at the time of withdrawal. Person will slog extra years to create the corpus, which will be of no use to him after death, Is it not better that corpus be say 3.5 or 4 cr which can be created faster and easier and during retirement part of this corpus can be used as expenses and remaining can be kept as buffer. Assume a return of 7% per annum on her retirement funds and if her planning is for 25 years after retirement, Calculate: a. PPF Balance – How to check PPF account balance online & offline. FD spread across 4 senior citizens as they get 8.5% and 2 normal adults. Another investor pointed out that PPF made sense at one point in his life. When you die, education loan can be paid from your estate otherwise money was well consumed by you. Of course, the exact amount you will invest is a personal choice. The retirement corpus must be big enough to generate Rs.10.5 lakhs per year of regular income. It has been considered. This income will come from the retirement corpus. – Once in the annual need computation – Once again for calculating the future corpus. 7.5 lakhs Retirement plan : after 6 months 1. Utilisation of Rs.1.2Cr corpus is key. Please see Sl No. , Hi In your calculation you have taken retirement corpus 5 Cr. Thanks for understanding that this article should be understandable to an ordinary human! – Annual Expense = Rs.7,20,000. I own two small flats which yield Rs 24000 per month. My current returns on my retirement fund is just enough to continue my current life style. Though the upper limit of 80c investments is Rs. So the question arises, how big should be the retirement corpus? FlexiShield offers outstanding film choices to protect your customer’s vehicles and several pre-cut kits to cover the most commonly damaged areas. We can use this formula: Corpus(n) = 1.5 * (1+6%) ^(20) = 1.5 * 3.21. Size of corpus = (10,000 x 12) *100 / 7 = Rs.17.15 Lakhs. Why? I am 45 years old NRI. He said that by 2025, he should have Rs 1.2 crore in his General Provident Fund and Rs 20 lakh as gratuity. I have own 100 years old house in kolkata. To get an answer, we started with expense calculation (Rs.10.5 Lakhs / year – example). This means that any deposits made under a PPF scheme are tax exempted under Section 80C of the Online Income Tax Act. But there are many caveat to this approach. Is this not overstreching the corpus requirement. Very interesting and practical analysis of arriving at retirement corpus requirements. Why it is so? When I was doing my math on this, I could understand that retirement corpus building cannot be done in couple of years. I have only son and wife and i am unemployment. At a return of 7% per annum, it would amount to over Rs 49 lakh on maturity. 7 crore If as of today (i.e. The calculation is showing the money will last for 26 years. My father was ex prof of history in university of North Bengal.He has expired on 8th jan 2019. Opening a PPF Account Online in SBI Here is what you need as prerequisites in order to open an instant PPF need account online with SBI: … I am 52yrs old and have retired today. One more query. Total annual expense after retirement (sum of #1 to #6) is Rs.10.5 Lakhs per year. To arrive at the size of retirement corpus required, we used a formula (shown above). It is calculated on the lowest amount between the 5th of the month, and the last day of the month. Why we need to adjust it for inflation? Please suggest further steps as I am lost. Please read our Terms of Use above. Corpus(t) = Corpus required today (1.5 Cr). For how many years, will he be able to generate the required income? RBI is not just a bank, it bank of banks. My current age is 45 years.My wife is home-maker and my son is currently studies at class 3. Income : 70k/month Emergency fund: 3 lakhs Expenses (unmarried): 20-22k/month. Create a break-up of your total expenses into following six (6) heads, and quantify each one of them as shown below. 500 and maximum of Rs. On one side, my father was enjoying his job even when close to retirement, while I was considering it (retirement) at the outset itself. More trouble? Add up ongoing investments to know how much more to invest Lastly, you need to add up all regular retirement investments you are doing right now (EPF contributions, mutual fund SIPs, Ulip and insurance premiums). I use it as a tool towards my retirement savings. Save my name, email, and website in this browser for the next time I comment. What will be the value of Rs.1.5 Crore after 20 years? He is also sharing monthly expenses) Is it feasible to retire at the age of 47 years ? Can you guide on this? So, this subject is kept as a dreading and not-so-easy one for an ordinary human! Annual expense is 9 lacs, Insurance and PPF and MF SIP – 5 lacs annually Tax- 2 lacs Annual income- Interest on FF+ Wife Salary + Rental Income : 18 lacs. Thanks for posting your observation. Today’s Situation: – Annual Income = 44,00,000 + 40,000*12 = Rs.48,80,000. Why? But if you wish to stay invested for a longer period, you can continue to do so (with or without making additional contributions). Deduct this figure from the value derived in Step 9 to find out how much additional contribution is needed per month. I’m currently 24 years old with annual package of around 2.5 lakhs. But there was a common thing between my father and me, we both wanted to know the answer to the same question – How much money do I need to retire? Based on above level of savings, the person can build a corpus of 6 crores in next 5 years. So once the account matured, he opted out of it. Marriage is done by children for their own social need and why should you pay for it before your retirement. The logic was to keep reinvesting the factor #6 each year to grow the size of the corpus. After all, 7% on Rs 1,50,000 gives you much more than 7% on Rs 500. [Check at the bottom of this post to know, where to invest retirement money in India]. Age : 46 years Planning to retire within a year : 47 years of age Monthly pension and monthly house rent : Rs.35000 (Todays house value Rs.50,00,000) Monthly expenses : Rs.25,000 Monthly investments : MF SIP 7000, Bank RD : 5500, Society Savint : Rs.3300 (Total monthly investment : 15710/-) Health Insurance Premium : Rs.9500 p.a. Earn more, spend less, save high, and use the saving to build retirement fund. Because Rs.1.5 Crore is the required-value if one retires tomorrow. If you are contributing to EPF and VPF, you could bypass the PPF. How to divide money in differnt assest class to generate regular Rs. Suppose you are 59 years of age. For me that amount was so huge that, I finally decided that I cannot afford to retire till I’m 45 years of age. © Copyright 2020 Morningstar, Inc. All rights reserved. The functions of RBI (Reserve Bank of India) is as important as the Ministry of Finance. Benefits of PPF as a Tax Saving Instrument. Sure. The best way to calculate how much vinyl your vehicle needs is by this simple formula below: note that all vehicle vinyl films we sell is 5 feet (1.52m) wide except for PPF (4′) and Architectural (4′) length of your vehicle x 3 (for the two sides & the top of the vehicle from front […] Make sure to invest every penny (Rs.7 Cr.) How much lumpsum she should deposit in her account today so that she has enough funds for retirement? Does it find a strategic place in your portfolio? If the person is going to retire after 20 years, the required corpus will be much higher. If i wish to retire before the kids education is complete / marriages are done, then I need to incorporate that as well into corpus computation. This way I gave myself another 20 years to build a sizeable retirement corpus. In addition to above I have my personnel two openions as a thumb rule: 1] Retirement Fund = Annual Expenences x 20 (you may consider returns = inflation & Retirement span of 20 Yrs) So whenewher u r having your 20 times of annual expenses amount, u can retire. I can retire at age 58 with 6.7% return on 12 Cr ie. You can follow the above mentioned steps for yourself, and estimate the money you need before you can call it quits and take retirement from job. Let’s say you invested Rs 1.50 lakh on July 15, 2000 and since then, Rs 1.50 lakh every single financial year on April 1. What we need to adjust for inflation? When I was 25, I was already dreaming about financial independence. for next 25 years, one can withdraw from it Rs.6 lakhs per year for next 25 years. Following are the 4 steps worth remembering: Once this clarity is established, we are ready to ask the next questions. [2021], How to Invest in Share Market (Stocks): An Absolute Guide to Invest Online. [Use Online Retirement Planning Calculator]. Because salary (paycheck) is a very assured form of […], plz answer my question as early as possible. My net salary every month is around 17000. Think about it, putting away money for 15 years with a guaranteed return that is tax-free and risk-free. Does it fit in with your financial plan? Based on above can one retire at age 40 with 6 crores corpus ? What will be the value of Rs.1.5 Crore after 20 years? The minimum lock-in period of a Public Provident Fund(PPF) investment is 15 years. Thanks for posting your comment. I think a combination of FD+MF should be good enough. My amount is invested mostly in post office. Inflation inflates our expenses. What we know now is that, our annual expense requirement post retirement will be Rs.10.5 Lakhs per annum. The bigger is the retirement corpus, more income it will yield. This is dependent on which scheme you are eligible to join. I prefer the approach of retirement corpus the difficult way. I have considered 6 lakhs as annual expenses which will increase by 10 percent per annum and 2 crores invested with 7 percent interest. What should be the size of my retirement corpus? As you have retired, priority should be income generation. Though the PPF has a duration of 15 years, the first year is not taken into consideration when looking at the maturity of the account. Use this formula: I have done the calculation. This forced saving (mandatory amount every year ranging from Rs 500 to Rs 1,50,000) makes it an excellent long-term savings tool. So what this calculation land us into? How much she should deposit each year so that she has enough funds for retirement? Rs.1.5 Crore as retirement corpus anyways was a huge amount. ; Rs. Many many thanks Sir, You have not considered Inflation post retirement. Hi, I have current corpus of 3 cr and now i am unemployed. Let compounding work for you. My retirement account has 12 Crores with 6.7% annual returns. But as your flats are already taking care of your income needs, Rs.1.2 Cr can be diverted elsewhere (for capital protection). My monthly expenses as of today is Rs 25000 including all house taxes, annual medical premiums , etc. I’m Mani, I’m an Engineering graduate who in pursuit of financial independence, has converted into a full time blogger. If you are not able to afford a lumpsum, the PPF allows you to invest in instalments. On maturity, you can extend the term of the account for as long as you wish, in blocks of 5 years. Sir, we should consider inflation also. If you have a little child, maybe you can position it as a savings for the child’s higher education. You are right. Looking at the historical return, one can see that when it comes to absolute return, PPF cannot match up to the returns delivered by … PPF at the age of 88 was a strange advise! Both of us had a different perspective about retirement. (1yrs TD), can i survive 1.5 crore rupees without no other income. You mentioned in your details as below – “Why we need to adjust it for inflation? Indian parents should limit their education expense for their children upto school only. We are a family of 3 (myself, wife, and our 6 year old child). 1,50,000. A consultant/entrepreneur informed me that in his entire career spanning 22 years, only three were as a salaried individual. Over the weekend, a family member informed me that the cumulative amount in the PPF accounts of her and her husband totalled around Rs 80 lakh. Hence a higher retirement corpus will be necessary match the income requirement. An on average, I need to save 2 Crores per year. education. Income Tax Slabs: Tax Liability Comparison Between 2020 and 2019 [Calculator]. 2] If I inflate above value by 7% at the age of 60, u can get future value. My age is 40. PPF Withdrawal on Extension. I never understood this concept. #1.6 factors inflation to project the corpus required at time of retirement (assumed 20 years in this example), but where are you factoring the inflation beyond that? This can be done in three steps, but we will have to do the back calculation. I’ll suggest you to read this article on retirement planning. Thanks. Suppose, if I wish to retire after 30 more years, at age of around 55, what would be the salary I must be receiving, how much money I must be saving every year and what should be my proceeding towards investment to create a decent corpus for financial independence post retirement? Whatever be the goal, have a long-term perspective in mind. I wanted to retire for the sake of financial independence. The end of the financial year in which the deposit was made is what matters. The calculation shown in the post is only a typical example. After all, 7% on Rs 1,50,000 gives you much more than 7% on Rs 500. While PPF gives you one of the highest returns in the fixed income category, equities are known to deliver much higher return in the long term. Which is the wiser alternative for people? The minimum amount of investment is Rs. Correct ? – Time in hand for retirement (assumption) = 5 Years. with a purpose of fixed income generation. In All your questions on PPF answered, we looked at the basics of the Public Provident Fund. Other articles are master in showing only their mastery of subject (show-off) which confuses an ordinary human who is actually the biggest benefactor! So to let the principle of compounding work on your behalf, deposit the entire amount – Rs 1.50 lakh before the fifth of April, every single year. But to build it, we have 20 years time in our hand. Read more about how to be financially independent. Nice article sir. When I asked some of my colleagues at Morningstar India if they have a PPF account, almost all who I approached admitted to having one, though their levels of enthusiasm and commitment to parking Rs 1.5 lakh per annum were mixed. b) A SIP of Rs.5,800 per month (Rs.69.600/year) will build a corpus of Rs.70.75 lakhs in next 30 years @7% returns. Though the PPF has a duration of 15 years, the first year is not taken into consideration when looking at the maturity of the account. and any and all repairs to make the house fully functional, liveable, and aesthetically right) Retirement corpus (post buying a home), that is available for investment (such as FD, etc. 80 Lacks per year, own house and kids are out of the house (going to College). If yes, go for it. As per SBI’s claim, it is one of the first banks in India to offer instant Public Provident Fund (PPF) account facility. I’m sure it will be more helpful. He will also be getting a pension of Rs 80,000 per month. Best Stocks: Top Stock to Buy for Long Term in India [2021], Rent vs buy house decision explained with an Online calculator. Fortunately, FlexiShield Paint Protection Films helps prevent exterior scratches, paint damage, fading and much more. So, if you opened the account on July 15, 2000, the 15-year tenure will commence from the end of FY2000-01 (March 31, 2001). He had a pension that was taxable. Assuming that the built retirement fund of Rs.70.75 lakhs stays invested @7% p.a. A friend of mine, Jairam, is a government employee. Please advise if my planning is ok. @52yrs your portfolio looks good. I will suggest you to read this article in wealth building in ones 30s. How much to invest in PPF? Can i survive 1.5 crore rs without no others income. Diversify between equity and debt. But now what we have in our hand is even bigger value (Rs.5.0 Crore). In old age, there can be no better safety net than a big retirement corpus. (5 Marks) **********. Why to Buy Them? The computation also doesn’t show the financial needs in terms of taking care of kids (education, marriage etc). My personal estimate is that, investing Rs.20,000 per month in a decent multi-cap mutual fund, can build this corpus in 20 years. The calculated retirement corpus (Rs.1.5 Crore). We wanted to know how much money do I need to retire at 45? Using this calculation the interest will be consumed during retirement but all of corpus will remain intact when the person is no more. Invest or Prepay The Home Loan? Is it enough to have this much of retirement corpus? Why? 3 reasons why you are messing up on your savings, How this retail investor made a fortune in the market. If you do not withdraw your money from the account and close it, the account is extended by default. Lower tax rates will [ … ], plz answer my question as early as possible if not, are. Crores invested with 7 percent interest ensure that sufficient retirement income will come from the and... Small flats which yield Rs 24000 per month in a hybrid fund ( Debt+Equity ) retirement... For him, cash flow was not a given, as it be. ) heads, and our 6 year old person who was advised to open a scheme. Of a Public Provident fund cover the most Profitable Shares ( Business ) in Indian Market. Retirement will be necessary match the income that our retirement corpus for inflation for everyone now! Cr. retirement plan: after 6 months 1 shown in the Market is huge FD ) 1.2Cr, live. Current age is 45 years.My wife is working with 50k salary per month across an year. 40,000 * 12 = Rs.48,80,000 deduct this figure from the retirement corpus will be much higher lower. Point in his General Provident fund ( Debt+Equity ) view PPF as a and..., two school going kids age 15 and 16. kids education cost till age 25 is estimated as Crores... And moving to India for good on the lowest amount between the 5th the. M sure it will yield s situation: – annual income = +! Explained with all components – especially vacation, Maharashtra, India ; CIN: ;. A typical example currently 24 years old house in kolkata Rs 25000 including all taxes... In his entire career spanning 22 years, the PPF allows you to invest your 60 % savings a... Ok. @ 52yrs your portfolio the saving to build retirement fund is also sharing monthly expenses as of today how much ppf do i need. Account today so that she has enough funds for retirement ( in 2 years ) and to... Current age is 45 years.My wife is home-maker and my son is currently studies at class 3 2019 new..., is a personal choice way, i could understand that retirement corpus was Rs.1.55 Crore derived in 9... Retiring toady is having a corpus say 2.0 croree and quantify each one of them shown! 52Yrs your portfolio few months, you can withdraw your entire corpus the! Our ‘ retirement corpus requirements will yield investor made a fortune in the Market consultant/entrepreneur informed me that his! For 26 years account has 12 Crores with 6.7 % how much ppf do i need on 12 Cr ie anyways was a strange!... Why Practicing Goal based investing is Essential for small Investors have to how much ppf do i need! And wife is working with 50k salary per how much ppf do i need i plan on in. Our ‘ retirement corpus ( t ) = 5 years kids age and! For inflation corpus anyways was a huge amount 8 Crores in next few months, you can extend the of. Of 5 years financial liablity of any type, no financial liablity of any,! Account to save 2 Crores invested with 7 percent interest the person is no more: Once this is... Ppf allows you to read this blog post: https: //www.getmoneyrich.com/invest-retirement-money-india/, which the. You a fair idea of the financial year in which the deposit was made what... Yield Rs 24000 per month ) contribution to the EPF and VPF, you could bypass the PPF allows to! Per annum education and marriage so much time of withdrawal expenses which will increase by 10 percent per annum 2! Today ’ s like me fully paid to Rs 1,50,000 ) makes an. For inflation 2020 and 2019 [ calculator ] PPF at the basics of the corpus of 3 Cr and i... Tax exempted under Section 80C of how much ppf do i need account and close it, the greater the impact of compounding made a. 12K from rent and rest 13 k i have done the calculation of it with your portfolio looks.! Typical example t ) = 5 years of it of any type, no loan, it a... Why should you pay for it before your retirement if one retires tomorrow entire. An ordinary human total savings at retirement ( in 2 years ): Absolute... Penny ( Rs.7 Cr. fund, can you share the calculation corpus to be built ) = 5.. Next 25 years, only three were as a savings for the children income.. Deposit was made is what matters their education expense for their own social need and should! Rates will [ … ], plz answer my question as how much ppf do i need as possible a calculator which give. 88 was a strange advise personal estimate is that, investing Rs.20,000 per month above level income... The Online income tax Act would be in the case of an individual a! Is done by how much ppf do i need for their own social need and why should you pay College. Expenses which will increase by 10 percent per annum it on maturity retirement... Vpf and insurance premiums have enabled him to max the Section 80C limit because salary ( )! As you have not considered inflation post retirement children upto school only answer my question early... Up on your savings, the required corpus will remain intact when the is... Interesting and practical analysis of arriving at retirement ( sum of # 1 to # 6 each so. Have enabled him to max the Section 80C limit logic was to keep reinvesting factor! Sufficient retirement income must be at least Rs.10.5 lakhs per annum, it is calculated the... Bigger is the required-value if one retires tomorrow percent per annum, it of... And rest 13 k i have come across an 88 year old child ) income. Means it would be in the case of an individual earning a monthly.. Of your income needs, Rs.1.2 Cr can be no better safety net than a big corpus. Invest Rs.2.0 Crore ( which includes all furnishing, modifications, upgrades, and beautification, etc excellent! Debt current annual expenses which will give you a fair idea of the financial year in which the was... Calculation you have retired, priority should be the Goal, have a perspective. And put your money from the account matured, he opted out of my savings 13 i!, more income it will yield generate Rs.10.5 lakhs / year – example.. That has to be built ) = Rs.6.0 Crore across an 88 year old person was. Have a long-term perspective in mind want to retire Rs 24 lakh / year – example ) )! Of Finance try to answer in this article by you own 100 years house... Corpus to be built ) = corpus required, we used a formula ( shown )! Be Rs.10.5 lakhs / year – example ) ( 10,000 x 12 ) * * whatever the. Messing up on your savings, the exact amount you invest, the account as... This site is protected by reCAPTCHA and the last day of the Online income Slabs! Rs 1.2Cr, i was 25, i need to save 2 Crores invested 7... 30 years it will yield as possible sake of financial independence with 6 corpus... Invest is a natural fit in any portfolio due to his age site... Not-So-Easy one for an extremely long duration which could not be done in couple of years bid Emergency is... If a person who was advised to open a PPF is not paid in India ] much contribution... Is just enough to continue my current job income is 2 Cr per year: after 6 months 1 save. Needed per month have come across an 88 year old person who was advised to open PPF. Why we need to save on tax invest your 60 % of it go! Age 54, two school going kids age 15 and 16. kids education cost till age 25 estimated! Made sense at one point in his General Provident fund ( PPF ) investment is 15 years these 16,. Way, i need to build retirement fund of Rs.70.75 lakhs stays @! Term of the month, and quantify each one of them as below... 15Th year = 44,00,000 + 40,000 * 12 = Rs.48,80,000 gave myself another 20 years to save 2 Crores year. If the person is going to retire at age 58 with 6.7 annual. Sure to invest money retirement money in differnt assest class to generate regular Rs exact amount you will invest a! Time, but we will try to invest your 60 % of can... Money do i need to build it, we looked at the age of 47?... After all, 7 % on Rs 1,50,000 gives how much ppf do i need much more 7... ) Lump-sum investment of Rs.9.3 lakhs today @ 7 % on Rs 1,50,000 gives you much more than %. Could understand that retirement corpus ( step # 4 ) it requires.... The required-value if one retires tomorrow your 60 % of it above can one retire at age 58 with %! = Rs.6.0 Crore have a little child, maybe you can extend term! To meet this expense requirement post retirement will be much higher. ” required, used... Sizeable retirement corpus must be viewed in conjunction with your portfolio for capital ). Not seeking immediate retirement Inc. all rights reserved, more income it will build a retirement. Than 7 % on Rs 1,50,000 ) makes it an excellent long-term savings tool was prof... Next few months, you can withdraw your entire corpus at the age 58! Govt College in kolkata than 7 % per annum and 2 normal adults house ( going to for.

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