1. Define Your Retirement Goals - How you want your retired life to be
2. Set your Retirement Corpus Goal - According to your requirements after retirement, the corpus amount is to be calculated.
3. Calculate the contribution of Current Savings & Investments - How much your current savings & investments will contribute to your retirement corpus
4. Know the Difference Amount you would need to Reach your Corpus - How much more amount is required to reach your retirement corpus
5. Planning for that Corpus according to the time left to achieve - How to accumulate the amount required for retirement
6. Deciding the right investment accordingly & increasing your savings every year - According to the amount, time and risk appetite, the right investment product is to be chosen.
7. There are many options like - Mutual Funds, NPS, PPF, Guaranteed Pension Schemes etc.
8. Finally executing & measuring results from time to time - Taking the action and reviewing them regularly
