I am 52yrs old retired from service but have a small time business now. My MF fundvalue as of today is 75lacs. I have gold approx worth 25lacs & LI n Fds which will mature in the next 5 yrs value to another 25lacs.... I have a SIP of 7500/month which i plan to continue for the next 5yrs.....(I have a 2nd home too a 2bhk apartment worth 65lacs) What will be my approx total corpus 5yrs from now ? Am i comfortably placed for retirement post 58 ie 6yrs from now ?

Ans: 1). LIC policies - review them and decide whether to retain or surrender. Most of the endowment policies deliver an IRR around 5%.
2) MF - Pls review the schemes with a good MFD or RIA.
3) Please consult a Certified Financial Planner for the corpus calculation.

In most of the cases, a CFP will be capable of completing all the 3 for you.

Ans: How much corpus needed depends on what kind of monthly income you are expecting during your retirement.

BTW, esops 7-8 crores , need to be definitely diversified. Your employment income and investment income should not be from the same source. This increases your overall risk.

Ans: Apart for thr education and marriage expenses you should have 1 crore corpus

Ans: Retiring by 50 is an ambitious goal, but with careful planning and disciplined execution, it can be achievable. Here are some steps you can take:

Evaluate Your Financial Position: Review your current assets, liabilities, and investment portfolio. Ensure that you have a clear understanding of your financial situation.
Calculate Retirement Corpus: Estimate your desired retirement corpus based on your expected post-retirement expenses, inflation, and life expectancy. Consider consulting a financial planner for a detailed analysis.
Optimize Investments: Continue investing in a mix of mutual funds, stocks, and other instruments to grow your wealth. Since you have a diversified portfolio, ensure it aligns with your risk tolerance and investment objectives.
Accelerate Savings: Increase your monthly investments if possible to accelerate wealth accumulation. Consider reallocating resources from lower-yield assets to those offering higher returns, keeping risk in mind.
Debt Management: Focus on paying off your site loan within the next six years. Reducing debt will free up more resources for savings and investments.
Emergency Fund: Maintain an adequate emergency fund to cover unforeseen expenses. Aim for 6-12 months' worth of living expenses in a liquid and accessible account.
Plan for Contingencies: Consider factors like healthcare expenses, education costs for your daughter, and any other unforeseen events. Ensure you have adequate insurance coverage to mitigate risks.
Retirement Lifestyle: Define your desired retirement lifestyle and associated expenses. This will help you determine the size of your retirement corpus more accurately.
Regular Review: Periodically review your financial plan to track progress and make necessary adjustments. Stay informed about changes in tax laws, investment opportunities, and market trends.
Seek Professional Advice: Consider consulting a Certified Financial Planner to create a comprehensive retirement plan tailored to your specific goals and circumstances.
Remember, achieving early retirement requires discipline, sacrifice, and careful financial management. While it may seem challenging, with dedication and the right approach, you can work towards realizing your goal of retiring by 50.