I am 50 years old interested in Retirement Planning. What amount should be invested in MF SIP so as to get 50,000 Rs per month after 10 years? Please suggest good Mutual Funds to invest.
Ans: Rs. 80 lakhs corpus will be required at your retirement for Rs. 50K withdrawal per month. This corpus will be invested in a combination of Hybrid and Debt funds so that the withdrawal can be perpetual with reasonable growth in the corpus as well.
To create a corpus of Rs. 80 lakhs in 10 years the monthly investment that would be required will be Rs. 32,500 (@13% per annum).