Ask the Expert
Investors India|June 2021
Q Dear Sir, I am going to retire from my private company service after one year. I will not get any pension and my monthly expenses are expected to be around Rs. 50,000/-. How much retirement corpus I must accumulate to ensure that I am able to meet my expenses? -Ajay Sahni, Kanpur
Anil Chopra

A We must compliment you for planning for your retirement in advance. In our experience Retirement planning is one of the most neglected goals.

Please remember a simple formula which is 200 times your monthly expenses. Accordingly, for meeting the monthly expenses requirement of Rs. 50,000/- you must have a retirement corpus of Rs.1Cr (Rs.50,000x200). Also, please remember to invest the above amount in a mix of safe and secure schemes like Senior Citizens Saving Schemes, Pradhan Mantri Vay Vandan Yojna, Floating Rates Saving Bonds and Systematic Withdrawal Plans of Banking and PSU Debt Funds or other highly rated debt funds.

Please ensure that at least 70% of your retirement corpus should be in liquid schemes, so that you may use your money in case of any financial emergency.

Q Dear Sir, I have attended your webinar on Retirement planning and as per your recommendations, I am planning to invest Rs.15 lacs in the Pradhan Mantri Vay Vandana Yojna scheme. Please let me know the rules for a premature withdrawal i.e. if I need money before the expiry of the scheme, can I withdraw the same? - Ramesh Jaitely, Jaipur

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