Defusing the Retirement Bomb: Part III

Defusing the Retirement Bomb: Part III

The previous articles in this series discussed how you can reduce the required retirement corpus. The last questions to solve the retirement puzzle are-

1. How much money do you need to retire 10/15 years from now? Is 1 crore enough to retire in India?
2. How to reach your retirement goal? How much savings and annual returns do you need?

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How much money do you need?

The following table answers this-

The later your retirement is, the more money you will need due to inflation.

I have taken 30x multiple of annual expense here. If you want to be more conservative, and would like to take a 50x multiple, you can increase the required corpus by 67% or simple multiply annual expense at the time of retirement by 50.

Please note that this is for people with no pension.

Happy investing

Source:Equitymaster.com