MUMBAI UNIVERSITY
PROJECT REPORT
ON
“A STUDY ON RETIREMENT PLANNING OF SALARIED
INDIVIDUALS”
OF
BACHELOR OF MANAGEMENT STUDIES (BMS)
SUBMITTED BY
ROHINI MAKRAND KALE
ROLL NO. BS2122054
UNDER THE GUIDANCE OF
PROF. TEJASVI BHOSALE.
ASM’s INSTITUTE OF MANAGEMENT & COMPUTER STUDIES
(IMCOST), DEGREE COLLEGE
CERTIFICATE
This is to certify that MISS. ROHINI MAKRAND KALE, has worked and
duly completed her Project Work for the degree of Bachelor of Management
Studies under the Faculty of Management in the Subject of Project Work and
her project is entitled, “A STUDY ON RETIREMENT PLANNING OF
SALARIED INDIVIDUAULS”. under my supervision.
I further certify that the entire work has been done by the learner under my
guidance and that no part of it has been submitted previously for any Degree
or Diploma of any university.
It is her own work and facts reported by her personal findings and
investigation.
Internal Examiner: External Examiner
Name and Signature
of Guiding Teacher
Principal
Date of Submission:
DECLARATION
I the undersigned Miss. Rohini Makrand Kale here by, declare that the
work embodied in this project work titled “A Study on Retirement
Planning of Salaried Individuals” forms my own contribution to the
research work carried out under the guidance of Prof. Tejasvi Bhosale is a
result of my own work and has not been previously submitted to any other
University for any other Degree/ Diploma to this or any other University.
Wherever reference has been made previous works of others, it has been
clearly indicated as such and included in the bibliography.
I, here by further declare that all information of this document has been
obtained and presented in accordance with academic rules and ethical
conduct.
Name & Signature of the Learner
(Miss. Rohini Makrand Kale)
Certified by
Name & Signature of the Guiding Teacher
(Prof. Tejasvi Bhosale)
ACKNOWLEDGMENT
To list who all have helped me is difficult because they are so numerous and
the depth is so enormous.
I would like to acknowledge the following as being idealistic channels and
fresh dimensions in the completion of this project.
I take this opportunity to thank the University of Mumbai for giving me
chance to do this project.
I would like to thank my principle, of our college for providing the necessary
support required for completion of the project.
I take this opportunity to thank our Coordinator Prof. Tejasvi Bhosale, for her
moral support and guidance.
I would also like to express my sincere gratitude towards my project guide
Prof. Tejasvi Bhosale, whose guidance and care made the project successful.
I would like to thank my College Library, for having provided various
reference books and magazines related to my project.
Lastly, I would like to thank each and every person who directly or indirectly
helped me in the completion of the project especially my Parents and Peers
who supported me throughout my project.
Name & Signature of the Learner
Index
Chapter Page
No. Title of the Chapter No.
Main Page
Certificate
Declaration Letter
Acknowledgement
1 Introduction 1 - 52
1.1 Definition 1–2
1.2 Introduction to Retirement Planning 2 – 26
1.3 Introduction to Retirement Planning of Individuals 26 – 31
1.4 Introduction to Characteristics and Different 31 – 52
Concepts in Retirement Planning for Salaried
Individuals
2 Research Methodology 53 – 58
2.1 Type of Research 53
2.2 Research Design 53
2.3 Source of Data 53 – 54
2.3.1 Observation 54
2.3.2 Sampling 54
2.3.3 Sample Design 54 – 55
2.3.4 Sampling Technique 55
2.3.5 Data Collection Instrument 56
2.3.6 The Modes of Data Collection 56
2.3.7 Sample Size 56
2.4 Need of Study 56
2.5 Objectives of Study 57
2.6 Scope of Study 57
2.7 Limitations of the Study 57 – 58
3 Literature Review 59 – 62
4 Data Collection, Analysis and Interpretation 63 - 83
5 Findings and suggestions 84 – 88
Reference 89 – 92
Bibliography / Webliography
Annexure A 93 - 96
(Questioner)
LIST OF TABLES:
TABLE TITLE PAGE
NO. NO.
1.1 Table represents calculation of retirement corpus 43
1.2 Table represents how to Prepare for Retirement 44
4.1 Table represents gender wise classification of 64
respondents
4.2 Table represents age wise classification of 65
respondents
4.3 Table represents annual income wise classification 67
of respondents
4.4 Table represents if respondents have planned for 68
their retirement yet
4.5 Table represents how well informed are/were the 70
respondents about the details of retirement
planning programs
4.6 Table represents if the respondents have started 71
saving for their retirement yet
4.7 Table represents according to respondents, what is 73
the right age to start retirement planning
4.8 Table represents which retirement plan the 74
respondent prefers
4.9 Table represents in which investment avenue does 75
the respondents prefer to invest in for retirement
planning
4.10 Table represents reasons for opting for retirement 77
planning
4.11 Table represents that on whose advice respondents 79
invest in retirement planning schemes
4.12 Table represents the rank of the most significant to 80
least significant concern regarding retirement
4.13 Table represents if the respondents are looking 82
forward for retirement or not
LIST OF CHARTS / GRAPHS
CHART/GRAPH TITLE PAGE
NO. NO.
1.1 Chart represents steps to arrive at an ideal 42
retirement plan
4.1 Chart represents individual respondents 64
gender frequency
4.2 Chart represents individual respondents age 66
frequency
4.3 Chart represents individual respondent’s 67
annual income frequency
4.4 Graph represents if respondents have 69
planned for their retirement yet
4.5 Graph represents how well informed 70
are/were the respondents about the details
of retirement planning programs
4.6 Graph represents if the respondents have 72
started saving for their retirement yet
4.7 Graph represents according to respondents, 73
what is the right age to start retirement
planning
4.8 Graph represents which retirement plan the 74
respondent prefers
4.9 Graph represents in which investment 76
avenue does the respondents prefer to invest
in for retirement planning
4.10 Graph represents reasons for opting for 77
retirement planning
4.11 Graph represents that on whose advice 79
respondents invest in retirement planning
schemes
4.12 Chart represents the rank of the most 81
significant to least significant concern
regarding retirement
4.13 Graph represents if the respondents are 82
looking forward for retirement or not
