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Aditya Birla Sun Life Insurance Company Limited

How should you estimate the income you may need after retirement?

September 22, 2026

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Disclaimer : ABSLI Nishchit Aayush Plan (UIN No 109N137V12) is a non-linked non-participating individual savings life insurance plan.
^ Provided 0 year deferment & Annually in Advance payout frequency is chosen at the time of inception of the policy. Annually in Advance payout frequency is only available in "Annual" premium payment mode. ^*Male- 25 yrs invests in ABSLI Nishchit Aayush Plan with Level Income + Lumpsum Benefit. He chooses premium payment term 10 yrs , policy term 40 years, benefit option -Long Term Income, Sum Assured 7 times of Annualized Premium and Deferment Period 0 years. Annualized Premium is ₹1,00,000 (Exclusive of GST.). Annual Income of ₹ 32,750 (32,750*40=  13,10,000) + Maturity Benefit (₹20,00,000)= ₹ 33,10,000 ADV/3/24-25/3076.

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Most investors who are just getting started with their journey know that retirement is one of the biggest life goals to save up for. But knowing what to save up for, and knowing how to do it are two very different things. If you are also having some trouble figuring out how to plan for your retirement, you'll be glad to know that there are several tried and tested financial strategies that you can use as a benchmark.

To understand what they are and how they can be beneficial, let us begin at the basics.

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Frequently asked questions

How can I plan for retirement if my income is irregular?

If your income fluctuates, consider setting a minimum annual retirement contribution instead of relying only on a fixed monthly amount. During stronger income periods, you can make additional contributions while maintaining an emergency reserve for leaner months. Review the plan using annual income rather than assuming the same cash flow every month.

Should I use my emergency fund for retirement investments?

Your emergency fund should generally remain available for unexpected needs. Using it for long-term retirement investments may leave you without accessible money when an urgent expense arises.

What if my retirement goal changes midway through my career?

Rework the calculation rather than simply increasing or stopping contributions without a plan. Bothange in retirement age, desired lifestyle, location, or family responsibilities can affect both the corpus required and the time available to build it. Update your assumptions and identify the specific adjustments needed.

How can I avoid depending on a single source of retirement income?

Build a retirement income plan that considers more than one potential source, such as savings, pension benefits, annuity income, rental income, or other eligible retirement benefits. Assess how reliable each source may be, when it will begin, and what risks or conditions apply. This can help you understand where income gaps may arise.

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¹ Annuitant -Health Male: Age 45 years invests in ABSLI Guaranteed Annuity Plus | Annuity Option: Deferred Life Annuity with Return of Premium | Premium payment term – Limited pay (5 years) | Purchase Price: Rs. 1,00,000/ month including modal loading for 5 years | Deferment period: 5 years Annuity Pay-out Frequency: Annual | Single life. Get Rs 4,01,923 /- every year till annuitant is alive.
ABSLI Guaranteed Annuity Plus Plan is a Non-Linked, Non-Participating, General Annuity Plan (UIN: 109N132V17).
^#Provided all due premiums are paid