Introduction
Retirement planning is one of the most underestimated parts of personal finance in India. Most people assume ₹1 crore is enough—but is it really? With rising healthcare costs, inflation, and longer life expectancy, the number is often much higher. Let’s break it down with real numbers, examples, and an easy-to-use Retirement Calculator.
Why ₹1 Crore May Not Be Enough
- Average inflation in India is 6–7%.
- If you spend ₹50,000/month today, in 20 years you’ll need over ₹1.6 lakh/month to maintain the same lifestyle.
- Healthcare inflation is even worse—about 12–14% annually.
Step 1: Calculate Your Monthly Expenses in the Future
Example:
- Current monthly spend = ₹50,000
- Expected inflation = 6%
- Years until retirement = 20
👉 Future monthly expense = ₹1,60,356
Step 2: Estimate Retirement Corpus
- Expected retirement years = 25 (age 60 to 85)
- Total requirement ≈ ₹5.8 crore
💡 Use our Retirement Calculator to find your own number instantly.
Step 3: How to Reach That Corpus
- Start SIP of ₹30,000/month at 12% CAGR = ₹6.5 crore in 25 years.
- Even smaller investments, if started early, grow exponentially.
Bonus Tip: Think Beyond Numbers
- Don’t forget health insurance.
- Keep 20–30% of corpus in low-risk assets like FD or debt funds.
- Review your plan every 3–5 years.
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