← Planning for Big Goals: Child Education and Retirement · Lesson 2 of 3
Retirement: the longest goal
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Retirement may last 25 years or more. Start with your monthly expenses today, add inflation till retirement, and estimate the fund (corpus) needed.
Sources can include EPF, PPF, NPS, mutual funds and pension plans. Health cover in old age is essential, because medical costs are the biggest risk.
Every year of delay increases the monthly saving needed. Try the retirement calculator.
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