Hello sir, i am now 30. for last two years i have started investing in MF's & other instruments like HDFC mid cap 3000, SBI flexi cap 1000, Quant small cap 1000, HDFC multi cap 1000, lic 4000 & HDFC life sanchay 50000PA, all these are per month investment. Parallel i have some investment in stocks. Kindly guide me for getting financial independence at 50 with monthly income of around 50k to 70k after retirement.
Ans: At present, SIPs of Rs. 10,000 is ongoing in your portfolio and if you continue the same for the next 20 years (till 50 years of age), you will be accumulating Rs. 1 Cr approx. @12% returns. If we consider inflation @6%, portfolio return @12%, you can easily take the SWP (after 20 years from 2044 onwards) of below mentioned amounts from your portfolio.
• Rs. 50,000 p.m. (adding inflation 6% every year) can be taken till 90 years of age
• Rs. 60,000 p.m. (adding inflation 6% every year) can be taken till 77 years of age
• Rs. 70,000 p.m. (adding inflation 6% every year) can be taken till 70 years of age