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Shivendra: I am 45 yrs old retired Army person getting pension 33k per month and doing my new job in state government getting salary 87k my retirement is on 2041 wants pension 1.5L per month after retirement Investment details are 30L FD, 29L IN EQUITY, 20L in NPS. Doing SIP 24500 PM, 12k RD per month in post office, 5K per month in SSY for girl child, 2k per month in PPF, 3K per month in gold etf and 2k pm in silver etf. Please clarify my investment is sufficient to get 1.5L pm pension after 15 yrs.
Dear Shivendra, considering your above information, aiming for Rs 1.5L monthly post-retirement income from 2041, you'll require a corpus of Rs 3.5-4 crore.
With continued contributions and expected returns, your current plan aligns with this goal. Consider shifting some FD funds to higher-yield options gradually and increasing equity investments as income grows. Monitor and rebalance yearly. You're well-placed to achieve financial independence with sustained effort.
Anonymous: I'm 51 yrs old, would like to attain FIRE by 56 yrs. I've personal loan EMI of 55k per month for next 4 yrs. My savings are as follows - LIC - 50L, PPF- 14L, Pf - 20L, MF - 7.5L, ongoing MF - 25k per month. I own a house, Medical health insurance coverage of 50L. I'm looking at building a corpus of 3Cr with monthly income of 1.5L per month. My monthly take home salary is 2.2 L. Your review on my current financials and suggestions on investments will help.
At 51, you plan to achieve financial freedom by 56 with a goal of Rs 3 crore corpus and Rs 1.5 lakh monthly income. Your current assets include LIC Rs 50L, PPF Rs 14L, PF Rs 20L, and mutual funds Rs 7.5L with Rs 25K monthly SIPs. You own a home, have Rs 50L health insurance, and pay Rs 55K in EMIs for four more years.
With a monthly salary of Rs 2.2L, focus on increasing investments post-EMI completion. Rebalance your portfolio toward equity and debt for better growth and stability. Review LIC for returns, build an emergency fund, and consider options like NPS to strengthen retirement readiness.
Anonymous: I am a retired Govt employee getting pension of Rs 70k per month with time to time increase due to DA and pay commissions reviews I am 62 years old. I have FD of 25 lakhs, Post office MIS of 9 lakhs, Govt bond of 15 lakhs, Insurance pension scheme of 20 lakhs My only son is also employed and I have no other liabilities. I am expecting 15 lakhs from Insurance maturity next month. Please advice how to invest wisely for a safe return.
Given your low-risk profile and goal of safe returns, allocate the Rs 15 lakhs as follows: Rs 7.5 lakhs in the Senior Citizen Savings Scheme (SCSS) for secure 8.2% returns, Rs 5 lakhs in RBI Floating Rate Bonds for inflation-linked interest, and Rs 2.5 lakhs in liquid or arbitrage mutual funds for tax-efficient liquidity.
Maintain an emergency corpus of 6-12 months' expenses in savings or sweep-in FDs. Ensure your health insurance is comprehensive beyond your government coverage. Consider writing a Will and updating nominations. This mix ensures safety, liquidity, and steady income in your retirement years.
Anonymous: I am 50 years old and i have 3.5 cr in equity mutual fund and 50 lakhs in debt fund and 50 lakhs in savings account for ipo, my monthly expenses are 50K. I have 2 children. I want to retire in 1 year what should I do?
At age 50, with Rs 3.5 crore in equity mutual funds, Rs 50 lakhs in debt funds, and Rs 50 lakhs in savings (total Rs 4.5 crore), and monthly expenses of Rs 50,000, you are well-positioned to retire in a year. Your retirement plan should aim to protect capital while ensuring growth and stable income.
- Start by allocating your corpus into 60% equity (Rs 2.5-2.7 crore) for long-term growth and 40% debt/liquid (Rs 1.8-2 crore) for short-to medium-term income stability
- Park two years’ expenses (\~Rs 12 lakh) in liquid/ultra-short-term funds
- Initiate a Systematic Withdrawal Plan (SWP) from debt funds to draw Rs 60,000 monthly
- Keep Rs 50-75 lakhs in safer options like FDs or short-duration debt funds for children’s education
- Ensure comprehensive health insurance for both spouses.
- Review and rebalance asset allocation every 3-5 years.
- Prepare a will and maintain a 6-month emergency fund.
This approach will provide a sustainable, inflation-adjusted income and peace of mind throughout retirement.
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