I need the solution from financial calculator.If you will live for X years after retirement and the estimated return for your investment portfolio is 5% annually at that time, how will you decide your...

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I need the solution from financial calculator.If you will live for X years after retirement and the estimated return for your investment portfolio is 5% annually at that time, how will you decide your retirement plan? Will your portfolio achieve your target by the age of retirement

Answered Same DayJul 04, 2022

Answer To: I need the solution from financial calculator.If you will live for X years after retirement and the...

Sandeep answered on Jul 04 2022
80 Votes
7
DECIDING THE RETIREMENT PLAN
    Everyone knows that the life doesn’t stop when one retires, but the real f
un and adventure starts after 65 years age when we wish to fulfil all of unrealised dreams and goals. Why does one need to plan for Retirement is due to following?
· To be able to cover daily living expenses;
· Meet medical contingencies
· Prevent Inflation from eating into the savings
· Prepare for uncertainties
· Meet the retirement goals
Deciding the Retirement planning starts with:
· Deciding the Retirement age and evaluating the risk Tolerance/Profile
· Determining the estimated Income when you retire including SS Benefits, Pensions from employer, any property, and real estate.
· Determining the Retirement corpus/amount which includes the projected expenses during Retirement
· Evaluating the future value of the Current savings
· Rationalise the unnecessary expenses
· Choose and plan ideal portfolio tom achieve the Retirement plan
· Regularly tracking and reviewing the Retirement plan.
Below is an example of the Calculation of Retirement...
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