BQPortfolio: 15-20-35-50 – That’s Ramesh’s Retirement Plan

BQPortfolio speaks to citizens from across India about their financial goals and helps them access expert advice on how to achieve them.

Ramesh M assumes that he will need Rs 1 crore to retire in 20 years.

The bad news is that this will be inadequate. He will, in fact, need four times that amount. But, the good news is that he can still save Rs 4 crore if he follows a very simple strategy—what financial planners call a ‘step-up’ investment plan.

The Bengaluru resident invests Rs 15,000 a month. He must continue to do so for now, but then must increase this to Rs 20,000 and then to Rs 35,000 and eventually to Rs 50,000 per month.

On this episode of BQPortfolio, Arvind Rao, founder of Arvind Rao & Associates, helps Ramesh to realign his goals and scale up his monthly savings.