Mr. Bhaskar aged 45 recently got an assignment to the Middle East for a period of 15 years. He is planning to save Rs. 12,00,000 every year while he is on this assignment. The return expected on investment is 12% p.a. throughout the phase of 15 years. After this assignment is over, he wishes to take retirement and enjoy a retired life in his home town. His life expectancy is 75 years. After coming back to India, he is willing to spend a total amount of Rs. 50 lakhs on his daughters marriage, and renovation of his house. The remaining amount will be kept aside for his retirement. Compute the amount available to Mr. Bhaskar at the time of his retirement. Discuss various retirement planning products that Mr. Bhaskar should consider? What are various pension plans available in India? Explain reverse mortgage as a retirement planning tool with the help of an example.