I Have Managed To Save Rs 2 Cr Through My Job; I Am Now 35 Years Old: How Soon Can I Retire?

Saving Rs 2 crore by the age of 35 is a remarkable financial achievement—but it’s only the beginning. With this amount, one would be able to decide to retire at 45 or 50, but it will depend on sustainability.

They also need to factor in lifestyle requirements, health, inflation, and whatever future income needs they will have. Having a proper mix of insurance and investment products not only can help one retire early, but one can do it with confidence and security.

One of the biggest challenges of retirement is making your money last a lifetime. Insurance can offer that peace of mind. Annuity plans are particularly well-suited here, not for the returns alone, but for the assurance of a steady income, no matter how long you live.

“Health insurance, too, is a non-negotiable part of any retirement plan. With medical inflation surging rapidly and one unforeseen health emergency swooping down like an eagle, devastating well-thought-out financial planning, it is necessary to have an adequate high cover health insurance policy, ideally having both health and critical illness protection,” said Mr. Rakesh Goyal, Director of Probus.

Insurance also serves your retirement goals through guaranteed income plans and ULIPs. Guaranteed income plans encourage disciplined, long-term savings while giving you life cover, while ULIPs combine insurance with market-linked growth potential, leading your money to grow and retaining value above inflation over time.