I am 46 years old with annual income of Rs.36 lacs. I already have investment in MF having current value as on today of Rs.3.15 Crores and also have a corpus of more than Rs.1 crore in PPF. I want to retire at the age of 55 with a monthly income of Rs. 2.5 lacs (at today's value). How much further should I invest in MF to achieve this. Also as of now I am investing in SIP of Rs.1 Lac per month.
Ans: It sounds like you've already made significant strides towards securing your financial future. Your disciplined approach to investing in mutual funds and accumulating a substantial corpus in PPF is commendable. To achieve your retirement goal of a monthly income of Rs. 2.5 lakhs at today's value, it's essential to assess your current investments and projected returns. A Certified Financial Planner can help you analyze your investment portfolio, factor in inflation, and determine the additional investment required to bridge any potential income gap during retirement. Remember, retirement planning is not just about accumulating wealth but also ensuring it lasts throughout your retired years. With your proactive approach and the guidance of a financial expert, you're well-positioned to achieve your retirement goals and enjoy a financially secure future.