I am 30 years old and married. I am investing Rs 7500 per month via SIP. SIP amounts are Rs 2000 in blue chip, Rs 1500 each in midcap, smallcap and ELSS funds.
I am investing for my retirement. I want to create a corpus of Rs 3.5 crore. My current monthly expense is Rs 33,000. I am planning to increase SIP by 10% every year
The simple rule for calculating retirement corpus is 25 times your annual expenses should be your corpus and 4% withdrawal should be your expenses
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The calculation of retirement corpus is a bit involved and roughly depends on:
Please also go through this question What is a safe retirement corpus one should aim for? The answer over there will help you calculate the right retirement corpus for you.
Sachin Shah is a 30 year old Senior Software Engineer, working at an IT services company in Bengaluru. He and his wife want to plan for their retirement and also want to save for their child's education, wedding and for buying a car.View Case Study