Introduction
At 36, IT professionals in Kerala—working in Infopark (Kochi), Technopark (Trivandrum), Cyberpark (Calicut), or Thrissur software sector—reach a critical career stage. With a monthly income of around ₹1 Lakh, lifestyle is comfortable, but retirement planning is often delayed.
Private IT employees do not have guaranteed pensions, unlike government staff. Without proper planning, life after 50 can become stressful due to medical expenses, family obligations, lifestyle expectations, and inflation.
At MyGoldenRetire, we help 36-year-old IT professionals create a structured retirement roadmap using trusted plans from Bajaj Life Insurance, LIC, and other reliable investment instruments, ensuring financial security and peace of mind.
Understanding Retirement Planning at 36
Retirement planning ensures financial independence, family protection, and maintaining lifestyle after active work life ends. IT employees in Kerala face unique challenges:
- No pension in private IT companies
- Increasing living costs in urban hubs like Kochi, Trivandrum, Calicut, and Thrissur
- Rising medical expenses as age advances
- Family obligations, including children’s education and marriage
Saving ₹10,000/month at 36 may feel later than 26–35, but with proper investment in retirement plans, term insurance, and ULIPs, it can still grow into a substantial retirement corpus over 24+ years.
Why Age 36 Is Important
Even at 36, starting retirement planning is crucial:
- Time for Compounding: Investments still have 24+ years to grow
- Flexibility: Moderate growth-oriented risk is possible
- Peace of Mind: Reduces anxiety about financial security after 50
Many IT employees in Kerala—especially in Infopark, Technopark, Cyberpark—regret delaying retirement planning. Starting at 36 ensures a secure, stress-free life after 50.
Steps to Plan Retirement at 36
1. Evaluate Your Financial Situation
Review monthly income, expenses, liabilities, and existing savings. For IT professionals earning ₹1 Lakh/month in Kerala, allocating ₹10,000/month (~10% of income) is realistic and achievable.
2. Set Clear Retirement Goals
Define your desired retirement lifestyle:
- Travel, hobbies, and personal interests
- Family responsibilities like children’s education
- Emergency fund for healthcare and unforeseen expenses
Clear goals help in selecting the right investment strategies.
3. Allocate Savings Wisely
For ₹10K/month:
- 50% Retirement Plans – Build long-term corpus for security
- 30% Term/ULIP Plans – Protection plus growth
- 20% Savings/Child Plans – Flexibility for family goals or emergencies
Investing in Bajaj Life Insurance (Primary) and LIC (Trusted backup) ensures safety, growth, and tax benefits.
4. Invest Consistently
Consistency is key. Small monthly contributions grow exponentially. ₹10K/month at 36 can still generate a robust retirement corpus.
5. Monitor and Adjust Annually
Adjust contributions as salary grows or life circumstances change. Moving from ₹10K to ₹15K/month accelerates corpus growth and strengthens retirement security.
How ₹10K/Month Can Grow by Retirement
Assuming:
- Monthly Savings: ₹10,000
- Annual Return: 8–10% (Bajaj Life Insurance/LIC plans)
- Duration: 24 years (36–60)
Your retirement corpus could reach ₹0.9–1.3 crores, sufficient to maintain lifestyle, cover healthcare costs, and enjoy peace of mind after 50.
Kerala-Specific Considerations
- Cost of Living: Urban IT hubs like Kochi, Trivandrum, Calicut, and Thrissur have higher living costs. Plan corpus accordingly.
- Healthcare: Kerala has excellent hospitals, but medical inflation is real. Early planning ensures affordability.
- Lifestyle Goals: Travel, leisure, and hobbies are achievable with proper retirement planning.
- IT Sector Stress: Employees in Infopark, Technopark, or Cyberpark face high workloads; structured financial planning reduces future anxiety.
- NRI Options: For IT professionals considering Gulf employment, Kerala-based plans like Bajaj Life Insurance provide security and stability at home.
Emotional Perspective After 50
Many IT employees in Kerala who delayed retirement planning face stress and uncertainty in their 50s. Common fears:
- Supporting family financially
- Maintaining lifestyle and personal freedom
- Rising medical expenses
Starting at 36 minimizes these fears. By investing ₹10,000/month consistently, IT employees can enjoy life post-50, focus on family, hobbies, and travel without financial worry.
Tips for IT Professionals in Kerala
- Start Now: 36 is still early; don’t postpone.
- Be Consistent: Invest ₹10K/month regularly.
- Choose Trusted Plans: Bajaj Life Insurance, LIC, and MyGoldenRetire guidance ensure growth and safety.
- Diversify Investments: Combine retirement, term insurance, ULIPs, and child/savings plans.
- Review Annually: Adjust contributions with salary growth and lifestyle changes.
Why Choose MyGoldenRetire
- Expert Guidance: Tailored for IT professionals in Infopark, Technopark, Cyberpark, and Thrissur
- Trusted Partners: Invest confidently with Bajaj Life Insurance, LIC, and other verified plans
- Kerala-Focused Solutions: Plans consider local lifestyle, costs, and healthcare needs
- Long-Term Support: Guidance from age 36 through retirement, ensuring financial stability
WhatsApp CTA
Start Planning Your Retirement Today! Chat with our experts on WhatsApp:
Click Here to Start
MyGoldenRetire – Trusted Bajaj & LIC Advisor in Kerala
Conclusion
For IT professionals in Kerala at age 36, saving ₹10,000 per month toward retirement is achievable and highly rewarding. Early investment ensures financial security, a comfortable lifestyle after 50, and peace of mind. With expert guidance from MyGoldenRetire and trusted plans from Bajaj Life Insurance and LIC, IT employees can confidently plan for a secure future.
Start today, invest consistently, and enjoy your golden years stress-free.
