Will Rs 3.5 crore be enough for my retirement corpus?
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
- Will Rs 3.5 crore be enough for my retirement corpus?
- Will I be able to meet my goal?
- My funds are good/diversified enough within equity or do I need to change or rebalance it?
Hello Praneet,
The simple rule for calculating retirement corpus is 25 times your annual expenses should be your corpus and 4% withdrawal should be your expenses
Gursimran Singh
SEBI RIA
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The calculation of retirement corpus is a bit involved and roughly depends on:
- Your monthly expenses
- Inflation rate
- Your retirement age
- Your lifespan
- etc
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.
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