Middle class Monthly Income avg 1940 - 10Rs 1960 - 100Rs 1980 - 1000Rs 2000 - 10,000Rs 2020 - 100,000Rs 2040 - 10 lacks Assuming I retire in 2040 then I need 50% of projected income which is 5 lacks of passive income (without any liabilities) to have very comfortable golden years.

1. List of Assets with full identification numbers and locations: lockers, property documents, demat accounts, receivables pronotes and hand loans, partnership and LLPs in which partner, list of loans, guarantees, mortgages 2. List of Uptodate passwords and email accounts 3. Mandate on how and where to conduct last rites, body part’s donation contact details, donations 4. Living will : instructions to near relatives on extent of medical treatments and artificial prolonging of life , list of medical experts, location where soft copies of medical records kept

Take complete retirement, I mean Sanyas, when all your desires are over and done before retirement, and your money problems all sorted out, then one is good enough to live the life in total peace. Kanchan kumar

One more thing to be considered for rental income is the cost of maintaining (repairs) of your property - the older it gets, the more chances of repairing...also it depends if you want to live a simplistic or lavish lifestyle...you can live with the first one for far less than the second... golden simple rule is spend a bit less than you earn - in other words, keep saving as much as possible - of course, without being a miser...!!!

Excellent advise. I listened to so many presentations to get a hang of how to plan for retirement and your systematic, lucid and balanced presentation is the most valuable one. I am a bit late in planning and behind schedule but I have a clear vision of the path I should take.

Diversification is key in retirement planning.It’s important to mix a wide variety of investments within a retirement portfolio.The rationale behind this is that a portfolio of different kinds of assets will, on average, yield higher long-term returns and lower the risk of any one holding.There is no good or bad assets.An excellent asset class can become mediocre asset class over a period of time and vice versa.Ex.Real Estate.

Good one. What you have not included is reverse mortgage of property if you are a single or have no children/wife behind.

Very well summarised. Only one thing as you grow old your ability to manage multiple properties will be limited. And it’s hard to delegate this entirely unless you have that kind of resources.

Sir, now your no. of subscribers is rising high as 30k. It took time to reach 10k. From 10k to 30k it didn't take time. I think it will reach 50k and 100k. I appreciate your voluntary service. It gives me a lot of benefits.

Simple, easy to understand for people like me from non-finance background. Thank you for your tips. 🙏🙏🙏

When you are too old it is hard to chase tenants

Thanks for a great presentation..... only risk I see is about rental properties being a retirement income generating assets is that the possibility of having bad tenants who don’t pay rent on time or don’t pay at all , and at that age who will fight the tenant in courts ... and the cost of refurbishing the property and taxes ... rental income is taxed at slab and property taxes are extra .. SWP of mutual funds are the best solution

Great are the people who make complex things look simple. Good guide to prepare oneself to retire .

Theoretically right. We have to pay taxes to live. One has to consider taxes when calculating. G ST, TDS etc. burden.

Three questions sir a. Is the 25 times annual expense rule valid at the age of retirement or any age? b. Is the 25 times annual expense rule valid even in India, considering that our inflation is higher than that in the US or many of the developed countries? c. Can the value of other assets be also included, like house value, gold value, etc., while considering the corpus required ..i.e., 25 times annual expense amount. So if house is 2 crore worth and savings one crore, will the corpus be 1 crore or three crores. I am asking this because it is not easy to dispose off assets such as real estate in the old age. There are taxes to consider and also the lack of mental alertness, which could lead to major mistakes.

Very practical presentation. Even a layman can understand very well.

A very important thing to be added. 2% additional cost to your current standard of living must be the part of planning for future years for new component in our living style. Unlike earlier basic needs of roti kapda aur makan is not the case now..because in last 15 years addition we see in our basic needs are tv paxkage, wifi, mobile data, new devices with updated version every 3 years, netflix, amazon prime etc etc. God knows what else to come to be part of our necessary needs. What is luxury today will turn normal.and basic in few years.

I am from middle class family my monthly expenses might be 40-50k..I am 27 lets assume I want to improve my living std so I can say with 8% inflation every year for next 30 years my monthly expenses going to be around 550000 thousand to maintain same life style I take 8% because 6% inflation is what govt show in real life its always more what govt show.. I want to improve my life style to we can say from 50k to 2 lakh for safer side I knew I am not gonna spend that much still I gonna thik this much I gonna spend so after inflation lets take 20 lakh monthly exp so 2.4 cr yearly lets take 2.5 cr As per sir 25× is good amount so 25×2.5 means I gonna need 62.5 cr when I retire don't get me wrong but to be safe I gonna need 75cr at the time of retirement 75 after 30 years means around 7.5 cr now.. Don't be stupid by just safe 3,5,7 cr you gonna use it in few years.. Just imagine when you was young I mean 30 years ago in 1993 gold was maybe around 2-3k now its 60k Everything was so cheap 7.5 cr after 30 years is nothing so thik wisely So for 2-2.5 lakh monthly expenses now means 24 lakh to 30 lakh year exp to main great life you need to think it 10× after 30 years... If you think 50k or 1lakh is enough for you 1lakh means 10 lakh of future means 1.2 cr of future per year so 25× must be 30 cr so you atleast need 30 to 35 cr... 3 cr is nothing belive me Yeah if you gonna earn on that amount lets say you gonna earn 8% than you can maintain your retirement corpus 😂 In that case you might gonna need not 75 cr maybe 50 cr is enough..for 2-2.5 cr yearly exp

Mr. Chandrakant, kudos to you. Nicely explained how much is enough for retirement. I liked the scenario 2, because I don't need to depend on someone else to pay me. I can diversify in FD, Mutual fund and other govt retirement scheme to get 4% annual return post tax. But in scenario 1 there are difficulties to get rent on time. There may be some period when there is no tenant and in that period you will not get any rent though other expenses like maintenance, minimum electricity payment, property tax payment, some renovation must be there. We may get bad tenants too and for that you have to spend a lot if something goes wrong. You may have to go in legal proceedings if the tenant does not pay you or you want to remove him. Why should we take all such pains during retirement. Liquidity may also be an issue if your property is not in a great location. In case of urgency you may not get buyer. So scenario 1 has many loop holes. Scenario 2 is best suited to me.

the best way to retire is to join a Govt job with fat salaries to save and fat pensions and fully covered medical benefits for life to self and dependants.. plenty of " additional ways " to make huge money too for spending lavishly. the best advice to youngsters should be to encourage them to join Govt service somehow..

Sir you are Simply the Best Guide & Guru regarding Financial Advices. Hare Krishna Hare Rama Almighty Bless You. 🙏👌👍

When you have been going after your passion there is no need to worry about pension and retirement.

Am a practical person pertaining to budgeting. Spend within my means & cautious not to fall into the over spending with impulse purchases.

Thank you Dr for sharing. May God Bless you and your family. Woth love from Malaysia 👍

One of the best videos that I have seen on this topic. Very nicely explained. My biggest takeway was "take your wife along in investments".. I find it very valuable and have started doing that..

Unfortunately world changes and no one’s plan can be good. It’s the best thing if we look after each other, money or no money

Money is of less of an issue these days. Bigger issue is food, maintenance of home, planning your days engaging friends

Now a days gold is also a good assest for retirement particularly in paper format. It's a good hedge against inflation. If you can pls discuss regarding the same. How much percentage of your portfolio should be gold in paper format

Great & very Deep FA On our Retirement goal

Dr Chandrakant, thank you for a very good insight on financial planning. Your 4% rule gives good confidence to me.

Very well presented . Thanks a lot 🙏 👍👍👍

Nice one sir......your language is so soothing.

The inflation in UK is 8% this year. The bank interest rates are still 0-1%. Certain events change the whole calculation so better to have a very good buffer.

Thanks sir, you are 99% correct. I say this because these days rental income is not inflation proof, specially in INDIA. Thanks once again.

The problem with rental income is many times the tenants don't pay any rent at all or pay whenever they feel like

New subbie! When you pulled out that 100 envelope challenge is a beast. I vote summer challenge Great job!!

It is a pretty decent advice. After retirement most of our unnecessary wants are given up . So with a proper planning one can lead a decent life and add to the corpus at the same time. However, this concept is based on an " all okay" concept. We should also keep some amount aside for unexpected needs like medical needs.

No social security from our govt it's high time our govt should change certain laws so that people who are paying taxes should get social security benefits from the government

Great to hear your advice. May God bless you Sir

How about investing in blue chip companies in the stock market? With steady dividends and high liquidity, it's my choice. My dad invested during his working days, now he is 90 and bedridden. His dividends are seeing to his needs and the extra are being enjoyed by the children.

Thank you! I liked the way you explained it.

Excellent and very dignified advise for people 🙏

I dont agree with rental livelihood, it may work in Mumbai but other places like Chennai its 0, First Rental return is low then the several costs od mntc finding tenants is not a good strategy in retirement when you need peace of mind... Agree????

Very well presented. It should be a part of the financial education for everyobody.

The 4% rule assumptions you mentioned are wrong. The return of investment portfolio has to at least equal to be rate of inflation, it can't be 0% and still last for 25 years.

Great, useful looking forward to meet you soon.

Great video sir!!!!!! Thank you 🙏🏻

shukran , thank you, Dhanyavad, Abhar, Shukriya..

excellent sir on the retirement advice . Thanks Narayan raghavendra

Nice analysis. Subscribed. Agricultural land is a good investment for retirement. One can get long-term benefits from fruit trees. The price of fruit can beat inflation.

Very well explained. Thanks..

Very nice illustration. Effective Presentation style.

Very very appropriate and rational advice for retirement planning

Good one. But of late, interest rates were kept low whereas real inflation is pretty high. Traditional rules seems not really working.

Nice video i have got best information about retirement Thankyou Sir

I am retired person and my wife is still working. She is have more 6 years to go for retirement. This video is very interesting. The draw down of 4 % is very good way to look for the corpus required of retirement money. Again the rental income are getting lower and lower specially for residential properties, since the property value is very high and there are enough inventory in the market. Most of us have the house we stay. How can we monitise this property. Do we have any product in India to benefit the retired person who do not have enough corpus based on the draw down factor 4%.

A very nice presentation and guidance.

Superb, realistic & approachable explanation.

Very good informatiom

is it advisable to buy a house and lot with retirement money?

Love your vids. Subbed.

Sir Thank you so much for your guidelines. Good Health insurance cover should be 20 to 25 lakhs. Base policy 10 lakhs and top up upto 25 lakhs. This is my opinion. Warm Regds, Chandrasekhar

Before retire make sure you have a "RATION card, Gas connection to your home, Medical Insurance and Know you cannot get even a credit card in India if you are over 70 years ! You should have cash in hand always ! Above all you should not have integrity, honesty and compassion which can be exploited by others ! I came to India after 45 years work in Africa and found hard to live in India and I decided to go to USA to settle.

Immensely informative... Thanks for the great advise...

Hmm....assuming that you will die at 75 is a very dangerous assumption in the West. People are living much longer with improved medical care . Retirement multiple should be 40 even for upper middle class in India.

Inflation is picking up. Official inflation figures is around 6%..but the real inflation on the street is today 12-15% minimum for everyday items.

Dont agree with his thoughts, here is why - How is rental income a wise investment if we get only Rs 20000 as rent for a 1.5 crore priced flat property?? On other hand, We would get 1 lakh rupees per month as interest even if we just keep the 1.5 crores in bank FD at 7% (senior citizen scheme) ... so which approach is better??? Going by his logic retirees should have 4-5 properties to generate that much rent. How many NRIs even have that much properties and what about upkeep and maintenance of those properties when in retirement age you cannot even look after yourself properly due to age??

You are GOOD Dr Bhat

Nicely presented the plan

How well u explain.....

DR BHAT U R GREAT MAN

One Lakh per month at the age of 60 may not be sufficient at the age of 70 due to inflation. So i consider that instead of 4% people should cinsider 2% so that the principle amount increases every year and you can increase the wothdrawl. I think bank interest will not help you in this regard and SWP is perdect for this.

thank you Sir. Great information. I have a question. If you draw 4% each year and you earn 6% interest on your portfolio, will your money ever finish or not. I am 45 year old and want to retire soon. As I need at least 35 year retirement, I wnt to know if my portfolio will last or not if I earn 6% return on my investment each year and draw 4%.

Excellent informative topic. Thanks👍

Bhatta Ji, This video is very useful. Among your best videos.

Good summary. However, investment planning needs to be elaborate...

Very nice explanation in favour the topic.Thank you.

You did not take inflation into account. With 0 growth, and 4% withdrawal, adjusting for inflation, 25X corpus will get exhausted within 10-15 years depending on inflation

Sir thank you for the podcast. Would you be kind enough to provide your insight on how to invest during inflation

Dr.Chandrakant , Thank you for your detailed explanation about retirement and Investments. I have learnt a lot from your good advice . I live in Canada and I visit Dubai/India every year. Hope to meet you in Dubai to discuss about investment.

Thanks for the useful info.

How did you arrive at the figure of 1Lac INR per month? What is the benchmark?

Sir, thank you for this video on retirement and it helped me to think and calculate where I am now. Your way of presentation is so good.

Thank you sir for great knowledge

Hi, could you pl. shar some retirement calculator applicable for India ?

ur assumption is , that age is 60 .... but many ppl can not hv jobs till 60 , in private IT sector for example

Good advice by Mr Bhatt Saab

Very very nice Sir Excellent

Corpus of 30 times your annual planned expenses is good enough. One must live frugally.

Good eye opener 👍

Super Advise. Thank you, Sir.

Couldn’t agree more. Excellent advice

Good presentation. Easily understandable.

Great video sir . All your videos are Gems 💎💎💎 ..I recently took Hdfc life Sanchay plus for part of retirement.. Will the company be stable long time sir . Safer to continue?

Thanks Sir, My doubt get cleared by watching this video

There crores at the end of the life is irrelevant. Most likely scenario is no one might be needing that. Either wards would have pestered to take it much earlier or they would have grown economically very strong to say or not even ready to know what parents have left.

Very informative n useful.thankyou sir

Your videos are awesome sir. No second guess on that. Couple of items from this topic, is renting a property safe & hassle free in india? I head horror stories where tenants refuse to vacate and owners ending up paying lakhs of money to them to vacate. Rent control act supports only tenants - even if they abuse. Also the 4% applies only when you invest your money on equities. Not in FD. Equities / stocks at 7% returns, 4% goes to spending and remaining 3% added to capital. India has high inflation, and so the returns also tend to be higher around 10% unlike west. en.wikipedia.org/wiki/Trinity_study

Good morning sir. I have subscribed your channel very recently.🙏🏻 You are doing great.👍🏻 I have one query that if one is retired from a government job and getting regular pension, for those will there be a different formula than this of 4% ?? Please share your views.🙏🏻

Excellent advice. Would be more interesting if you give illustrations 🙏