Hi Dev, I am 43 years old. I have a monthly sip of 35k going on. I have started investing in mutual fund and sip from year 2013. Total mutual fund plus sip current market value is 1 core 9 lakhs . I plan to invest 35 k per month more for 7 to 8 years , when i want to leave job and do something else. Can you tell me what will be my corpus in 7 to 8 years down the line taking both current valution plus what i am going to continue investing?Also, i have another 1 corore total in other investment like Voluntary provident fund, Epf, ppf and esops from my company and pension fund . Here i do a monthly investment of around 80 k via mostly through company for tax savings. So what will be my total corpus after 7 to 8 yrs. Also, is it good for retirement considering my current monthly expense us 1 lakh.

Ans: Planning Your Financial Future
As a Certified Financial Planner, I'm here to help you navigate your investment journey and plan for a secure retirement.

Current Investment Portfolio and Future Contributions

You've made commendable progress with your current mutual fund investments and SIPs, totaling Rs. 1 crore 9 lakhs. Continuing your SIP of Rs. 35,000 per month for the next 7 to 8 years adds substantial potential to your corpus.

Estimated Corpus in 7 to 8 Years

Assuming an average annual return of around 12%, your additional monthly investments of Rs. 35,000 can potentially grow to a significant amount over 7 to 8 years.

While exact projections require detailed calculations, leveraging the power of compounding through regular investments can substantially boost your overall corpus.

Total Corpus Including Other Investments

In addition to your mutual fund investments, you have approximately Rs. 1 crore invested in other avenues like Voluntary Provident Fund, EPF, PPF, ESOPs, and pension funds.

Factoring in the growth potential of these investments along with your mutual funds, your total corpus after 7 to 8 years could be substantial.
Evaluation of Retirement Readiness

Considering your current monthly expenses of Rs. 1 lakh, it's essential to assess whether your projected corpus would adequately support your retirement lifestyle.

Based on your anticipated corpus after 7 to 8 years and your monthly expenses, you seem to be on track for a comfortable retirement. However, it's crucial to periodically reassess your financial plan to ensure alignment with your retirement goals.
Final Thoughts

Your proactive approach towards savings and investments is commendable. By continuing your disciplined approach to investing and periodically reviewing your financial plan, you're setting yourself up for a financially secure retirement.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in