Retirement Corpus as a Middle Class Professional

Hii guys!!!  

Today I will discuss about  the corpus I want after my retirement as middle class professional .  I am a 30 year old married  man with 8 years of service completed in a private sector company .

Before getting into data ,let’s breakdown what retirement means for me .

The moment my job no more influence my life choices or decision is the time I would truly feel retired .

When you are associated with a job , generally all of your critical  life decisions depend on your job status or your payscale. That salary slip you receive at the end of each month decides your purchases .

You save and invest so much that post retirement your spending boundary gets broader . You can sustain your family , lifestyle as well as your hobbies and interests .

This investment requires planning , discipline and patience.  

• Planning

This means calculating investment amount to reach your corpus target and dividing it into monthly installments .

• Discipline

Being consistent is as important as the investment capital .  If you can’t remain discipline while investing your capital and skip few months or years then you may not be able to reach your goal . Your discipline will yield into your corpus growth.

• Patience

There will be days when you feel so high and happy about your investment yield or ROI that you might even start day dreaming of doing a FIRE or enhancing your lifestyle. But you will also feel sad when see that red colour ticker besides your investment numbers which may make you question your investment strategy.

The markets ups and downs will also make your emotions and dopamine go up and down . We require to keep your emotions at a stable level in order to reach your corpus goal .

The moment your emotions take over your pragmatic approach, you will be in trouble .

Now let’s come to my goal of retirement corpus .

I don’t intend to retire early , i will retire when I turn 58 in 2054 .

Considering my all routine expenses , lifestyle expenses and hobbies I have a target of 10 lakhs per month in 2054 which would be equivalent to existing 2 lakhs factoring 6 percent inflation across 28 years from 2026 to 2054.  

I understand that you may see this as a difficult target to achieve but I have a plan to manage it .

Mathematically I will reach my target considering normal condition but if something bad happens then I might wander around 8 lakhs per month which is also not that bad .

“Shoot for the moon. Even if you miss, you’ll land among the stars.”   My entire investment journey will be based on this quote .