Retirement Plan: Today, most working professionals want to retire at the age of 50. They want to have some fixed income every month after retirement. They also invest for this. However, many times due to wrong information, they do not get the returns they expect. Know how to get 50 thousand rupees every month after retirement at the age of 50:
New Delhi: Mohit is a manager in a private company in Delhi. He is 35 years old. He is married and has a 5-year-old son. Mohit wants to retire at the age of 50. He wants to invest some part of his earnings in a place where he can not only create a big fund but also keep getting 50 thousand rupees every month after retirement. If you also think like Mohit, then we are telling you some such plan where you can fulfill your dreams by investing.
How much to save
You should invest 10 to 20 percent of your salary every month. Suppose your salary is currently Rs 50,000 per month. In such a situation, you will have to invest at least Rs 10,000 every month. If the salary is not that much, then other sources of income will have to be created so that you can invest at least Rs 10,000 every month. Invest here
You will have to invest Rs 10,000 per month in mutual funds through SIP for 15 years. Since you want to retire after 15 years, here it is mentioned for up to 15 years. Keep one more thing in mind here. You have to increase the investment amount by 10 percent every year. This type of investment through SIP is called step-up SIP. If you invest Rs 10,000 per month for a year, then from the next year you will have to increase the amount by 10 percent i.e. invest Rs 11,000 per month for a year. After one year, the amount will have to be increased by 10 percent again. This means that you will have to invest Rs 11,110 every month for one year. In this way, you will have to invest the money for 15 years.
How much fund will be created
By investing in mutual funds through step-up SIP for 15 years, you can create a fund of about Rs 1 crore. It will be created in the following way:
This is how you will get 50 thousand rupees per month
Withdraw this amount after 15 years. Invest half of it i.e. 50 lakh rupees in some other scheme or fulfill the needs of that time with 50 lakh rupees. Invest the remaining 50 lakh rupees again in mutual funds for SIP. Now you will have to invest 50 lakh rupees in lump sum, not every month. Suppose after 15 years you will get 12 percent annual interest on this amount. This interest can also be more. In this case, you will get 6 lakh rupees every year from interest i.e. 50 thousand rupees per month. In this case, your amount of 50 lakh rupees will remain intact and a big amount will also keep coming in your pocket every month.
Disclaimer: The suggestions given in this analysis are those of individual analysts or broking companies, not of informalnewz.com. We advise investors to consult certified experts before making any investment decision. Because stock market conditions can change rapidly.
