Your post retirement income is tax free. Also, the daily expenses are reduced. Rent consumes a major portion of expenses.
Our experts suggest a post retirement pension of
% of your pre retirement income
Based on the years available 25 years for investment, our experts suggest you should go with high potential return plans. These plans provide a return of 11 - 18% of return depending on span invested for.
Assuming a return of 11% on your investment, you will have to pay yearly to achieve your corpus requirement
Guaranteed structure insurance products will provide an average of 4 - 7% of returns on your invested amount. Yearly investment required, if invested in guaranteed structure plan will be
Please note: All these products provide cover for death of the policyholder as well.
Retirement/Pension Planning Calculator
Do you look forward to retirement? Of course, Yes! After several years of hard work, you would surely want to relax! But to lead a stress-free relaxed life post retirement, you must be away from financial worries. You need to ensure that your savings meet your medical, housing, food, and travel expenses.
Have you calculated how much money you need to save by retirement?
Use our Retirement Savings calculator to find out how much you need to save by your targeted retirement date.Let's Calculate!
*The information provided on this website/page is only for information sake. Policybazaar does not in any form or manner endorse the information so provided on the website and strives to provide factual and unbiased information to customers to assist in making informed insurance choices.