You retire from work, not life.

Simple Retirement Plan 

1. Start investing early ,so that compounding works for big retirement corpus.
2. Estimating retirement expenses .. (30 * Annual Expenses) Read more link 
3. Choose right Investment (utilize Tax Advantage of EPF,PPF/NPS)
4. Consider retirement plan & Review periodically.
--   Learn more (click on links) Basics of Insurance Products, Avoid this mistakes  , No to Ready made  Plans  , retirement portfolio design ,retirement financial plan
Planning Guide, Calculator , Before Retire ,  Reference Guide 

How to  Claculate  ?
== Current annual expense * 6 % Inflation each year each year * No.of Yrs in retirement
Eg : Case: Monthly Expenses: 50K , Current Age :40, Retirement at 48 Age, Live till 80 Yrs. Age
Rs 6 lakh (Rs 50,000 x 12 months) * 10.74 (after 10Y Annual Expenses with Inflation) * 32 (80-48) Years = 10.74 L * 32 = 3.44 Cr

30:30:30:10 asset allocation Rule for retirement

30% for the children as inheritance(equity)
30% for your own future to protect from inflation (Hybrid Fund)
30% to spend and use and live the retired life;
10% for emergencies(liquid)

1) National Pension Scheme (NPS) Read more link     &  guide here
-- Tax Beinifits + Voluntary retirement savings scheme & lowest cost pension scheme
- Age 18-70 Yrs | Market Linked | No Limit | Lock till Age 60
-- Presentation of NPS by  HDFC Securities  (Recently added in 2024 )
2)  Employees Provident Fund (EPF) / Voluntary Provident Fund (VPF) / Public Provident Fund (PPF) Read more link
Public Provident Fund (PPF) Read more  link
-- Tax-free fixed income investment scheme by Govt
--  Age 18 & above | 7.10 % PA | 1.5 L PA| 15 Y Lock
EPF  Read more link
--12% of the basic salary by Emp + 12% by Empployer (8.33% EPS +  3.67% EPF)
EPS - Employee Pension Scheme Read more link  
-- Part of Employer PF (8.33% EPS)
-- Max Contribution is ₹1,250
VPF Read more link
-- Same as EPF Interest  8.5% PA
-- optional investment made by salaried employees over and above the EPF

1) Senior Citizen Savings Scheme (SCSS) . Read more link  &  more info  here    Caluclator  link ,  Investment Strategy  (link)
-- savings scheme Under Govt offers assured income for entire tenure
--  Age 60 & above | 8.20% PA | 30 L
2) Pradhan Mantri Vaya Vandana Yojana (PMVVY) . Read more link &  more info  here , Comapre with SCSS (link)?
-- pension scheme Under Govt ,Operated by LIC 
--Age 60 & above | 7.40% PA | 15 L
3) Post Office Monthly Income Scheme (POMIS) . Read more link  &  more info  here
-- investment scheme Under Govt offers assured income for entire tenure
--  Age 18 & above | 7.4 % PA | 9 L /15L in Joint ac
4) Senior Citizen Fixed Deposits  Read more link
-- savings scheme Under Govt offers assured income for entire tenure
--  Age 60 & above | 8.20% PA | NA
5) Mutual Funds
--Market-linked, hence no fixed returns
--short-term Debt Funds/short-term Debt Funds

Other  Details
Pension schemes (unorganised sector)  Read more link
-- Should not be incometax payer
1)Atal Pension Yojana (APY)
2)Pradhan Mantri Shram Yogi Maan-dhan (PMSYM)
3)National Pension Scheme for Traders & Self Employed Persons Yojna (NPSTSY)

Annuity    .. Read more on Basics & learn
--To provide secure income (fixed some of money) in retirement. Can be purchased on retirement or earlier.
--payout is fixed and guaranteed as per terms & through tenure of policy
-- Returns : 4-6% PA (Low returns)
-- Other Options for Monthly Income : POMIS,SCSS ,annuities by Insurance companies & NPS annuity (40% of Corpus)
-- Types : 1)immediate (pay a lump sum instead no.of premiums over time)
                  2)deferred (first build a corpus & then use to buy an annuity)