Home » Retirement Planning | How to Plan & Invest for Your Retirement | ETMONEY financial goals worksheet

Retirement Planning | How to Plan & Invest for Your Retirement | ETMONEY financial goals worksheet

by Langsongshipin123



Most of us what to retire early and retire rich. Surprisingly, this is not difficult and all it needs is better planning on our part. In this video, ETMONEY’s Shankar Nath explains the steps one needs to take to that will make your retirement planning an easy and rewarding exercise with almost no intrusion into your current lifestyle

What’s covered in this video:
00:00 Introduction
00:55 How to plan and invest for your retirement?
02:23 Why should you start retirement planning early?
06:32 How to determine your retirement corpus?
10:24 How to build your retirement corpus?

Other resources:
► Link of retirement calculator:
► Paper by William Bengen:
► Playlist on Mutual Funds :
► Video on NPS :
► Video on EPF :

Retirement does not get enough attention as, for most people retirement, it is atleast two or three decades into the future. The reason why one should have a retirement plan are:
1. People are living longer (85 years)
2. Inflation (6% in India)
3. Lack of a government sponsored social security system

👉 Why should you start retirement planning early?

If you have age on your side, then retirement planning can be a very easy exercise as one needs to put in a relatively low investment and then allow compounding to do its work & garner a lot of wealth into your retirement bucket

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But if you are someone who is a bit late on retirement planning, then here are some steps that you can take starting today to close the gap
1. Start saving more
2. Rejig your portfolio allocation
3. If need be, increase your retirement age

👉 How to determine your retirement corpus?

Building a retirement plan is about answering two key questions –
1. How much money should you have by the time you hit your retirement age?
2. How to go about building this retirement corpus?

On the question of how much money one needs to have, there are two ways of calculating this – a) using the 4% retirement rule or b) a more scientific retirement calculation method

The idea behind the 4% rule was not about calculating the amount of retirement money you need but to determine how much you could spend during your retirement years without the risk of running out of money

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The other scientific approach revolves around answering these five variables
1. At what age are you likely to retire?
2. What is your current monthly expenditure?
3. What’s the life expectancy? (assume at 85 years)
4. What is the expected rate of inflation over the long term? (go with 6%)
5. What are your expected pre and post retirement returns from your investments?

Once you have this data, download the ETMONEY Retirement Corpus calculator

Link of retirement calculator:

👉 How to build your retirement corpus?

The process of building a retirement corpus starts with an understanding of how much investable money you currently have and where that money is

The second step involves a projection of how your money will shape up. When doing projections, it is important to match the instrument with its performance assumptions. When making projections, don’t be too aggressive with your mutual funds. It is better to be conservative

The third and final step is to create a plan that takes us closer to our targeted retirement corpus. Since this is a future plan, do give more preference to planned and systematic investment avenues like your EPF or PPF contributions, your NPS contributions and most definitely to your mutual fund systematic investment plans

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Infact these are four products we have spoken extensively about on the ETMONEY Youtube channel, we have listed our best video or the ones we like in the description

#ETMONEY​ #RetirementPlanning

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36 comments

Abhishek Chaugule 12/09/2021 - 1:43 AM

You mentioned that out of the corpus we need to only spend 4% so that it remains till 33 years but where to keep that corpus, can you guide me on that.

Reply
Sumeet Singhal 12/09/2021 - 1:43 AM

There is a mistake in Years of investing, for A it would be 35 years while for B 25 Years if you can correct or put it into the description.

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Vikas Arya 12/09/2021 - 1:43 AM

Good Evening Sankar, I came across this video must say was u have explained in the simplest of the way, would like to take the services of ET Money for the same…can someone from your team get in touch….Vikas

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Raja P G 12/09/2021 - 1:43 AM

Do you cater services like retirement planning for people like me.. If yes, can you provide me your contact details

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sandeepsimons 12/09/2021 - 1:43 AM

Very informative.. just one point noted on the retirement calculator. I believe the amount under post retirement monthly expenses is actually the post retirement ANNUAL expenses..

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vijin vijayappan 12/09/2021 - 1:43 AM

Just started

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Surrender. R Allawadhi 12/09/2021 - 1:43 AM

Very nice sir.

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pavs695 12/09/2021 - 1:43 AM

Very well explained session. Appreciate it.

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Hirani Kumar 12/09/2021 - 1:43 AM

My first investment with Mr Ramesh earned me profit of over $25,530 US dollars, and ever since then he has been delivering,

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DrGaurav Bhambhani 12/09/2021 - 1:43 AM

Nath sir, tou are just ossum💐💐💐

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Michael kimpi 12/09/2021 - 1:43 AM

It's not really that big of a deal if you haven't got any investment or savings for retirement yet, it's still very possible to build a million dollar portfolio within a limited length of time. I ventured into online investment for the first time August last year through guided trading with a regulated broker and i've made an average of $845,000 from my total investment capital of $140,000.

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Haider Ali 12/09/2021 - 1:43 AM

it's constructive advice, Please improve the voice quality.

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Haider Ali 12/09/2021 - 1:43 AM

04:48 you haven't mentioned why for both age group, rate of return on investment is different. Why for the age group 35 you took less rate.

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Wilfred Peterson 12/09/2021 - 1:43 AM

Early retirement is the dream. I refuse to accept that I have to be at the end of my life to enjoy time freedom. Let's hustle to financial independence!

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Maya Cote 12/09/2021 - 1:43 AM

Warren Buffett once said if you don't find a way to make money while you sleep, you will work until you die

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Pradipto Dey 12/09/2021 - 1:43 AM

I used to earn only 18K in my 20s

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Dipesh Dipesh 12/09/2021 - 1:43 AM

Thank you for the detailed info

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Gaurab Das 12/09/2021 - 1:43 AM

Many profession starts earning at the age of 40 like medicine ,etc

Infact most educated professionals start earning at the age of 35-40….medicine ,architects, acedemicians in professional domains ,scientists , etc…

Also most young age startups fail ….till the time startps becomes successful , the founders age is usually above 35

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ZERO EVOLUTION 12/09/2021 - 1:43 AM

Superb

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Rajkumar Kasaraveni 12/09/2021 - 1:43 AM

Excellent video sir…

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The Awkward Curry Pot 12/09/2021 - 1:43 AM

Buddy, is the NPS tier 2 worth adding to my MF portifolio, like an expense ratio less system like index.
There aren't much financial advisors whom you could trust, so…
Cheers

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CMOTPT sarkar 12/09/2021 - 1:43 AM

What is your fee.

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sanjib Chakraborty 12/09/2021 - 1:43 AM

Sir….. Thank you for your valuable information.

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R M D Bhuinya 12/09/2021 - 1:43 AM

very informative.

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Know More 12/09/2021 - 1:43 AM

In the example calculation, it seems the rate of expected returns on this is assumed to be really high at somewhere between 14-15% CAGR. Which is an aggressive assumption.

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pk panda 12/09/2021 - 1:43 AM

Thank you. 🙏

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Arjit Vijay 12/09/2021 - 1:43 AM

Compounding doesn't work in market

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Satyam 12/09/2021 - 1:43 AM

You always chooses the most appropriate and contemporary topics. The way you explain the details is also brilliant. Keep up the good work, your channel deserves huge number of subscribers.

Reply
Second Opinion 12/09/2021 - 1:43 AM

What's the minimum I should invest in ELSS for tax breaks? Some say you should invest 1.5L… others say deduct the EPF taken from your paycheck from the 1.5L and then invest the rest. What's ETMONEY answer here? Please help 🙏

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shridhar anekar 12/09/2021 - 1:43 AM

I request all to report the comment from @Hyland Ryan. Its a scam. Even a gullible person like me was able to notice!

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Sanjay Arora 12/09/2021 - 1:43 AM

You have not considered Rental income in your retirement planning, people have mix of FD, Equity and rental income plan while thinking retirement will you help elaborate in how to consider rental income while doing retirement planning?

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Mohammad Aamir Shaikh 12/09/2021 - 1:43 AM

2ns example nahi samjha mujhe

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Mah Narayan 12/09/2021 - 1:43 AM

Sir don't you think 85 years is too long to expect?? Considering the current situation…
Anyways, nice piece of information

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Smriti Mandhana 12/09/2021 - 1:43 AM

I’m 60 and I’m planning on retiring but I haven’t saved up much for this yet

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Vinayak More 12/09/2021 - 1:43 AM

Great Video
.thank you so.much🙏

Reply
Sudhesh Sankar KK 12/09/2021 - 1:43 AM

Thank you for sharing 🙏

Reply

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