Can I Retire With Rs. One Crore Today?

Suppose we have Rs. one Crore with us today, can we retire with it? In this sneak preview of the freefincal Robo advisory template* let us punch some numbers in it and check what good is Rs. 1 Crore.

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  • The template is free and open-source and will be released soon. It is currently being beta-tested by members of FB group, Asan Ideas for Wealth.

One Crore is a psychological or emotional benchmark for wealth. Financially it is just one followed by seven zeros with its value constantly eroded by inflation. That said, it is still a good chunk of money as we shall see below. read more

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Why have we not seen a retirement crisis in India?

In this post, I discuss reader Abhay Deol’s question: As anyone who has played with a retirement calculator knows, the corpus required for the retirement portfolio is huge. And from all accounts, most Indians are not prepared for it or even realize the huge amount required. What I’m curious about though is why hasn’t this crisis played out yet? Where are today’s retired professionals getting their monthly income from? read more

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Why can’t I invest in 60% equity all my life?!

A friend asked me this question: “I currently have an asset allocation of 60% equity and 40% fixed income. My retirement is many years away. Why can’t I continue to hold 60% equity after retirement too? In fact, all my life?”. Since the answer is not a simple “yes” or “no” and since it can illustrate certain aspects of reviewing the strength of a retirement corpus before or after retirement, let us discuss this with the aid of an example. read more

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A Set of Easy To Use Online Retirement Calculators

Here is a set of easy to use online retirement calculators created by Arunram, a certified financial risk management professional. Arun had pointed out a bug in my FU Money Calculator and shared this set of tools over email. We also met at the Delhi DIY meet last month. I requested him to share this on freefincal and he readily agreed.  The DIY community thrives on such meaningful contributions from intelligent investors and professionals. read more

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The Ugly Truth: How much should I invest for retirement?

“How much should I invest/save for retirement?” is a pretty common question (try googling it). This question, like most other, is often asked with the expectation of a nice and comfortable answer. “Be sure to save 10-15% of what you make, for retirement” is an equally common answer. Unfortunately, nice and comforting as it may sound, such answers are often far from the truth. read more

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