Many investors approaching retirement often face a critical challenge of balancing wealth creation with long-term financial security. Building a sizeable retirement corpus becomes even more important for individuals without a pension or fixed post-retirement income source. Financial planning during the final working years typically focuses on increasing investments, maintaining the right asset allocation and creating a sustainable income strategy that can support regular expenses after retirement while ensuring the corpus lasts for decades.
A 53-year-old investor who will retire by 2033 reached out to ETMutualFunds to analyse his portfolio details and give recommendations on SWP as he does not have a pension. He has been investing since 2016 and started with Rs 20,000 per month but now invests Rs 80,000 per month in mutual funds through SIP. He wants a corpus of Rs 5 crore by the time he retires. He wants to subsequently use a Systematic Withdrawal Plan (SWP) to generate regular income after retirement.
