A recent report titled ‘The Science of Retirement Planning: Navigating Hidden Risks in a Long Retirement’, prepared by Omniscience Capital, suggests how four investment options can be used for a steady income over 40 years after retirement at the age of 60.
The report assumes a retirement corpus of Rs 1 crore at the age of 60 and calculates how investments will generate monthly returns of Rs 50,000 over a 40-year horizon, with payout at ages 70, 80, 90 and 100.
The report compares FDs, life annuity plans, SWP (Systematic Withdrawal Plan) and ScientificPay options based on factors like inflation protection, lifestyle impact and risk.