Queries

Invest Well For A Healthy, Happy Retired Life Rohit Kapadia, Pune rohitk@gmail.com I am 35 years and am looking at a corpus of Rs 1 crore when I retire at 60. How much should I save every month, and where should I invest? To accumulate a corpus of Rs 1 crore till you reach 60, you need to save Rs 6,000 every month. However, this is not enough to plan retirement. While planning a retirement corpus, you must consider the cost of living and roughly calculate the monthly expense of those 25 years (considering 8 per cent average rate of inflation). Considering 85 years as maximum probable life expectancy, invest and accumulate a corpus, which will be sufficient to take through a comfortable financially independent retirement. If your expenses are Rs 50,000 a month, then you require Rs 3,42,000 every month after retirement and a corpus of Rs 10.27 crore is needed for a comfortable...