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When Is The Right Time To Plan Your Retirement?

Nikhila Sastry

10 Sept 2020



Have you planned for your retirement?

"Yes, I will when the time is right. It's too soon to plan yet."

Retirement always seems like a far shot, isn't it?

But, it's not! It's a resounding NO.

There is no thumb rule for retirement but this, the earlier you start, the better it is.

Even if you're in your prime now, your retirement shall eventually arrive sooner than you think. Believe it or not, time flies.

An early start goes a long long long way.

The sooner you start, the more corpus you'll accumulate.

Your twenties are the best time to start your retirement planning. Click here to understand why you should start planning in your 20s.

You will have the advantage of a greater return on your investments with a lower premium.

No matter your age, it is never too late to start off with your retirement plan.

An early start will set a rock-solid foundation for your future savings.

A commitment to retirement planning need not come at the expense of your current lifestyle.

All it takes is to save at the least Rs. 500 every month with no compromise on your lifestyle aspirations.

Even in your 30s and 40s, with your retirement 2 to 3 decades away, you have ample time to save a substantial corpus for your retirement with conservative savings.

Even if you're in your 50s, it's better late than never. You might have to save aggressively, however, you are likely to be at the advantage of lesser financial obligations.


The unequivocal and indisputable answer to this incredibly simple and straightforward question is "As Soon As Possible".

No matter your age, there is no better time than right NOW to start planning your retirement.

A proactive approach to retirement planning pays off as it helps achieve the required corpus sooner.

MoneyPlanned has developed a super awesome tool with a comprehensive and unique methodology to calculate retirement corpus. Try it here.

To know how to start your retirement planning, click here.

MoneyPlanned helps you manage, execute, and seamlessly track the progress of your financial goals as well as your finances.

It brings together all your diversified financial goals, your savings, and related investments into a single place so you can stay on top of your finances.

It gives you the freedom to simulate the various options for your goals in no time.

You can find the MoneyPlanned app on Google PlayStore or AppStore.

For more exciting and fun bits of financial wisdom, do check out our other blogs on Quora and Medium!


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