I m 50 yr old.
I ve 2 cr in NSC,45 LAC IN TD,15LAC IN MIS OF POST OFFICE,10 LAC IN MF.
IS IT ENOUGH TO RETIRE
Ans: Every individual leads a different lifestyle and his/her requirements are also different. Hence, it is tough to decide what corpus would be enough to retire in the absence of details like goals (house, child education & marriage and vacations), monthly expenses, other post retirements commitments etc.
Although, you have accumulated a decent corpus for retirement, which can easily cater for the monthly requirements of Rs. 1.20-1.50 lakhs for next 25-30 years (life expectancy till 80).
You have also 10 more years of working, if you wish and portfolio is highly aligned towards debt.
Therefore, it is suggested for you to diversify your portfolio in other asset class too