Personal Investment Portfolio

18 years Wife: 25 years 3. Expected income growth rate: 10% 4. Inflation rate: 7% 5. Life expectancy: 80 years Calculation: 1. Current annual income: Rs. 6,00,000 2. Income after 18 years (when child becomes independent): Rs. 16,00,000 (considering 10% annual growth) 3. Income needed after 18 years adjusted for inflation: Rs. 35,00,000 (considering 7% annual inflation) 4. Number of years of income needed after child becomes independent: 62 years (80 years - 18 years) 5. Total income needed: Rs. 35,00,000