Close
Close

Buy a Life Insurance Plan in a few clicks

Now you can buy life insurance plan online.

Kotak Guaranteed Fortune Builder

A plan that offers guaranteed income for your future goals. Know more

Kotak e-Term

Protect your family's financial future. Know more

Kotak Assured Savings Plan

A plan that offer guaranteed returns and financial protection for your family. Know more

Kotak Guaranteed Savings Plan

A plan that offers long term savings and life cover. Know more

Kotak e-Invest

Insurance and Investment in one plan. Know more

Kotak Lifetime Income Plan

Retirement years are the golden years of life. Know more

Close

Get a Call

Enter your contact details below and we will get in touch with you at the earliest.

  • Select your Query

Thank you

Our representative will get in touch with you at the earliest.

What Retirement Would Look Like 30 Years From Now

It is advisable to start the investment process early and let the money compound itself to build a large retirement corpus. Read more to know all about it.

  • Aug 27, 2021
  • 1,557 Views

The current life expectancy in India is 69.42 years. It is expected to climb to 75 years , 30 years from now, thanks to the advancement in the medical industry. If a typical Indian retires at 60, that means the money available at retirement must last at least 15-20 years. At this time, many people have the question, where do they stand? How will retirement look like 30 years from now? The answers are right below!

1. Working After Retirement

Many people are opting to work after retirement due to inflation and the unpredictability of investment returns. However, not all of them will be focused on necessities, but rather on the convenience of working from home using mobile devices. However, it may be vital for the vast majority of retirees to continue working as long as possible to reduce the danger of living too long.

2. Moving to a Small Town

Managing expenses post-retirement is an important and big challenge. Moving away from major cities could help keep regular expenses low. Also, if someone owns property in metro cities by the time they retire, it may come in handy for generating better rental income. Smaller cities offer a slower pace of life, fewer amenities, and lesser pricing. All these factors will help in reducing and managing the expenses after retirement.

3. Rising Healthcare Expenses

Healthcare, like many other essentials of life, will continue to rise in price. That simply means that, as people become older, they may require greater social assistance for health care. Senior citizen health insurance policies are still available until the age of 85. However, the rising cost of premiums will serve as a deterrent. That might increase the dependency on government schemes.

4. More Use of Technology

Even today, one can use a retirement corpus calculator to find out how much money will be required to have a comfortable post-retirement life. These calculators calculate how much money needs to be invested for how many years. These technology-enabled interactions are going to increase in the future. As a result, many travel requirements would be purely recreational. You’ll be able to manage your investments, finances, withdrawals, and pensions all online.

5. Investing in High Risk-High Return Plans

It might be riskier to heavily invest in stocks, especially if one doesn’t have much knowledge about them. But the lure of high returns is pulling more and more people towards it.

This demand is being capitalized on by suppliers of pension plans and retirement savings solutions. Modern pension plans not only provide equity allocation, but also the opportunity to rebalance the asset allocation automatically.

Investment Option Time-Period Risk Return
Direct Equity NA High NA
Mutual Funds Lock-in period of 3 years Low-High Market Linked
National Pension Scheme 60 years Low-High Market Linked
Senior Citizens Saving Scheme 5 years Nil 8.7%

The above table gives a few investment options that are available for people to invest in based on the level of risk and returns. It is advisable to start the process of investment early and let the money compound itself to build a large retirement corpus.

With increasing economic volatility, it is best to let the money grow itself To achieve a financially secure retirement, begin investing the money in these programs as soon as possible. Get in touch with a professional to find the best suitable plan based on your needs.

Kotak Life Time Income Plan

Download Brochure

Features

  • 6 Plan Options
  • Tax benefits ^
  • Higher annuity rates for higher purchase price
  • 4 Annuity Modes

Ref. No. KLI/23-24/E-BB/1052

T&C

- A Consumer Education Initiative series by Kotak Life

Similar Articles

Here's are Advantages of Pension Schemes and Retirement Plans

Is ULIP Better Than FD?

How to Register An EPF Grievance Online

Managing Your Money After You Retire

5 Best Investment Options for Senior Citizens in India

The Significance of Number 8,000 in Retirement Planning

What are the Instruments Available for Building a Retirement Corpus?

Turbocharge Your Retirement Savings with Annuities: Unlock Greater Returns

Benefits of Early Retirement Planning in India

What is a Retirement Plan - What are its Features?

Retirement Planning Guide: These 5 Steps Will Help You Towards a Safe, Secure and Fun Retirement

How To Check EPF Claim Status- The Complete Process

What are the Charges Levied on ULIP?

How Does ULIP Work in India?

How to Protect Your Retirement Account from Hackers

How to Win at Retirement Savings?

How to Calculate Your Retirement Corpus?

How to Save for Retirement With Retirement Investment Plans?

Which Is Better: ULIP or SIP?

Benefits of Early Retirement Planning

Getting Close to Retirement? Six Key Retirement Planning Tips That Can Help You Retire

Understanding Annuity Plans

3 Ways to Save Early to Keep Living Out Your Dreams Post Retirement

4 Tips to Avoid Running Out of Money in Retirement

Pension Funds In India – Meaning, Overview, How Do Pension Funds Work, Types, Pension Plan Features and Tax Benefits

Turbocharge Your Retirement Savings with Annuities: Unlock Greater Returns

A Quick Guide to Retirement Plans

Retirement: A New Start to Life!

Why is it Good to Have a Retirement Plan Before Your Marriage?

What are the Benefits of ULIP - Explained

Guide to Long Term Investment

Long-Term Investing: Boost Retirement Income with an Income Booster

Reasons you should Buy a Retirement & Pension Plan

Plan Your Retirement in India - Retirement Calculator

What Are Mortality Charges In ULIP?

6 investment options for the retired

Importance of Retirement Planning

What is an Annuity Plan, and How Does Annuity Plan Work?

7 Best Guaranteed Income Plans 2023 in India Their Eligibility, Features & Benefits

How Do Annuity Options Work In NPS

Different Types of Retirement Schemes

What are the 4 Financial Phases of Retirement? How to Budget For Each One?

What Is A 401(k) Retirement Plan?: A Beginner's Guide

15 Passive Income Ideas for Seniors to Boost Retirement Income

Mastering the 30:30:30:10 Rule: A Guide to Effective Retirement Planning

Is it possible to live a financially independent life, even after you retire?

How Can NPS Help You Save Tax?

Do Pension Plans Allow Any Death Benefits?

What is the Difference Between EPF, VPF, and PPF? What are Their Tax Benefits?

Know the Pros and Cons of Retirement Annuities

Here's Retirement Planning Guide for Working Men & Women

Terminologies You Should Understand About Retirement Plans

How To Choose The Right Pension Plan?

Retiring soon? Here’s why buying annuity plans may make sense

What are the Differences Between ELSS ULIP and Mutual Funds?

Here's Benefits of Post Retirement Investment Options

Types of Pension Plans and Their Tax Benefits

14 Tips to Ensure Successful Retirement Planning

What Are Retirement Pension Plans?

ULIPs or Pension Plans – Which is a Better Retirement Plan?

What is the Minimum Lock-in Period for ULIP?

Retirement Planning at 50? You Are Still Good to Go

Is an Annuity a Good Investment Option?

Benefits of Annuity Plan Investment

Meaning of Sum Assured in a ULIP

7 Secrets that can Make Your Post-Retirement Phase Prosperous

ELSS vs ULIP: Which is a Better Investment?

6 Signs That You Are Not Financially Ready For An Early Retirement

How To Calculate The Present Value And Future Value Of Annuities?

Top Investment Options for Retirement Planning

Changing Jobs? Reinvest Your Retirement Funds

Retirement and Pension Plans in India- What are Your Options?

What tax benefits are there on saving for retirement?

10 Steps to Figure Out How Much Money You Will Need For Your Post Retirement Plans

NPS for Housewife

Steps to Figure Out How Much Money You Will Need After You Retire

What Are Superannuation Benefits?

Types of Annuity Plan | Annuity Definition - Meaning & Key Benefits

Types of Pension Plans for Your Retirement

What are the Rules for Exit From NPS?

Important Questions To Ask Yourself Before Choosing A Good Retirement Plan

Top 3 Reasons Why You Should Start Retirement Planning Early

The Rise of ESG Investing in Retirement Planning

Importance of financial Planning for Retirement

Retirement Planning for Millennials

Demystifying Retirement Financial Planning

How should one decide on fund allocation within NPS?

How Much Corpus Does One Need for Retirement?

Which Pension Plan Suits You best?

What is a Defined Benefit Plan and How it Works?

Inflation: A Key Factor to Consider into Retirement Planning

Retirement Planning: Use our Retirement Calculator to Plan Ahead

Types of Retirement Plans

Which are the Best Investment Plans for Indian Senior Citizens in 2022?

Retirement planning with a systematic life insurance plan

Early Retirement Planning Tips

Tips to invest your voluntary retirement scheme money

How Does NPS Work?

Ten Signs That You're Ready to Retire

Embracing the FIRE Movement: Financial Independence and Early Retirement

How to Maximize Your Retirement Savings with a Pension Scheme in India

Gift Your Parents a Sound Retirement Plan

Why Should Retirement Planning Be on Top of Your Priority List?

Annuity Plan | How to Choose the Right Annuity Plan | Kotak Life

Right Age for Retirement Planning and How to Go About It

How Has NPS Performed in Comparison with Other Instruments?

Mistakes You Must Avoid While Planning Retirement