It is never late to start saving for your retirement. But yes, it is advisable to start as early as possible. It is correctly said ‘Better late than never’.

Retirement planning starts not with just investing money.

The first thing to start with is calculating the required retirement corpus. Now this corpus is dependent on a lot of factors like your current age, retirement age, current and future standard of living, inflation rate, income tax, and so on.

Investment instruments for retirement planning.

Public Provident Fund(PPF)

How to invest in PPF

National Pension Scheme(NPS)

Open a NPS account

Fixed income instruments

MIP

Equity and Mutual funds

Rule of 120-Age

Real Estate

Derivatives

Common mistakes investors make while planning for retirement.