A request to experts in the group for guidance. Iam 41 years of age and I have another 14 years of work life. Currently my household expenses is almost Rs.30000 per month. (a)How much should I save per month currently for a retirement life assuming my life span to be another 25 years after my retirement at 55.
(b) What would be the best investment options for the savings. more  

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First of All buy a TERM PLAN for your family. Secondly Save in PPF the maximum you can do is 1.5 Lakh PA. Thirdly Ensure a GOOD MEDICLAIM POLICY covering all medical expenses lets say Sum Assured to the tune of Rs 5-10 Lakh and NOW if any surplus is left put in SB which converts your savings to TDR automatically, and you are free to encash as and when required. more  
Elias ,no reaction at all; more  
Investment in the form of money reduces its value annually but in kind appreciate. more  
Assuming inflation @ 4% and assuming post tax annualised return @ 5%, you need to save Rs. 38500 per month. This will give you a retirement corpus of around Rs. 93 lakhs. more  
Dear Korah, You will be needed Rs.1.25Cr. as retirement corpus after 14 years for next 25 years for your life with out effecting inflation as per you current situation of life. So you have to invest Rs.20000/ per month which give you average return of 14% annual for entire life. You have to maintain good portfolio of MF. more  
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