Goal setting for a secure future

Sanjay, 30, is working in a pharmaceutical firm as a product manager. His is a well-paid job that hands him a net salary of Rs. 60,000 each month. Sanjay is married with a two-year-old child and has no big liabilities at present. The monthly expense of the trio is approximately Rs. 25,000, apart from Rs. 9,000 that goes in paying rent for the flat they are currently living in.

Sanjay's goals are:

1. To invest in a property (preferably, a flat worth Rs. 50 lakh) in 2015
2. To build education corpus of Rs. 20 lakh for his son in 2027
3. To build marriage corpus of Rs. 20 lakh for his son in 2034
4. To cover himself sufficiently, i.e., buy a life insurance policy
5. To build a retirement corpus
6. To maintain the same standard of living, with no major increase in expenses, at the time of retirement

Risk Appetite: Medium to high