How can you generate regular income from your retirement corpus and make it last? - Retirement corpus
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓A retirement corpus of over Rs 2 crore can generate steady income if managed well.
- ✓Dilshad Billimoria said, "Your current corpus is comfortably above the required amount." Experts suggest using part-time earnings for expenses while keeping the corpus for emergencies.
- ✓A bucket strategy helps your money last through your retirement years.
Story at a Glance
- Category
- MARKET
- Reported By
- Economic Times
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
How can you generate regular income from your retirement corpus and make it last?
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Retirement corpus
Are you wondering how a retirement corpus of over Rs 2 crore can generate a steady income and last through retirement? If you are also willing to work part-time for the next five years and earn Rs 1 lakh a month, with no major liabilities, here is some guidance, as reported by ET Wealth.
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Monthly expenses
If your monthly expenses are Rs 1 lakh, you would need a retirement corpus of about Rs 2.16 crore, assuming an annual return of 10%, inflation of 6% and a life expectancy of 90 years. Your current corpus is comfortably above the required amount, said Dilshad Billimoria, MD & Chief Financial Planner, Dilzer Consultants.
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