[sachil]

Hello I am 30years old. Earns 20000 per month. I want to invest for my retirement. I want to retire at the age 55. For this I am investing in mutual funds equity diversified rs. 5000 per month by sip. Iwant a handsome amount on my retirement. Would you suggest me. How?

[450donn]

If you are actually earning 20,000 a month I would suggest that you be placing at least 10,000 a month into a retirement account and get out at 40
Stocks today are not a good investment if you are looking short term. Long term they should be OK. I would suggest that you talk to a professional investment councilor and get his/her opinions on how to best invest to reach your goals.

[Curlyben]

That's 20k Rupees so about $400 USD.

[FrankK]

Most financial advisors recommend that one save 10 to 20 percent of his or her income to achieve a comfortable retirement. Which end of that spectrum you land on has a lot to do with how long you have until your projected retirement and how well you want to live. If you suspect you may want to retire early and you want a "handsome" sum, I would suggest that 20 percent of your pretax income -- invested in average stock and bond mutual funds -- should leave you in good shape upon retirement.

To do the math yourself, there are a number of good retirement calculators out there to help you figure out how much you might need. You can find one here: http://www.daveramsey.com/etc/invest...d=Useful_Tools I would assume an 8 percent return on investment and 3.5 percent rate of inflation if you want to be conservative. So if you plug in a return on investment of 4.5 percent that will give you today's dollars at the end of the time frame.

Hope this helps!