How much do you need at retirement to maintain the same lifestyle that you have at present?
PolicyAdvisor.in innovative retirement planning calculator helps you find the right answers about your post-retirement life. In just 3 simple steps you can plan your retirement. Rising inflation & high cost of living has made retirement planning in India an important aspect of financial planning.
Every one wants to know how will his/her post-retirement life look like? This is something, which you should spend some time on. In India, a small number may be less than 10% of the workforce is in the organised sector and has access to some social security like provident funds, but the rest of the working population – has no social security, and that is why Retirement Planning is a crucial issue . If you can plan ahead for your retirement planning goals, your post-retirement life will probably be peaceful & enjoyable. The rate at which the cost of living is increasing, It has become extremely important to plan one’s retirement as early as possible. Use our retirement planning calculator to plan your retirement life.
The earlier you start the better it is. One mistake people make is to defer retirement planning till it’s very late and the amount required to invest toward their retirement fund is almost un-affordable. An early start means you will have to save a lot less to create the same corpus.
There are many options to start building your retirement fund ie. Mutual Fund, Ulip’s, National Pension System (NPS), Public Provident Fund (PPF) and Employee Provident Fund (EPF).
After your retirement, you will be living without any salary income for almost 20-25 years. Start thinking about it from today.