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

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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

Sandeep · Accepted Answer

7
DECIDING THE RETIREMENT PLAN
	Everyone knows that the life doesn’t stop when one retires, but the real fun 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.

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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