New Delhi, Sept. 22 -- Starting retirement investing at 40 with little or no existing corpus can make the goal look daunting, particularly when retirement may be only 15 years away. But a shorter investment horizon does not necessarily mean investors should chase aggressive returns.

Instead, the focus should be on calculating the retirement corpus required, investing a larger amount consistently and gradually reducing risk as retirement approaches, according to Krishanu Choudhary, Director & Unit Head, Anand Rathi Wealth.

The first step for someone starting at 40 should be to determine how much money will actually be needed at retirement. This should factor in expected retirement expenses, inflation, existing assets and liabilities, as ...