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First documentRetirement Planning Calculator: Plan Your Retirement CorpusOpen original ↗
A-807
Second documentHow Can You Plan for Retirement Step by Step in India?Open original ↗
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Illustration:
Your Monthly Expenses Post-retirement ₹2.16 lakhs Retirement Corpus Required ₹4.73 crore The Amount You Need to Invest Monthly ₹24.8 thousand
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Second paragraph92 words
Step 3. Calculate your Retirement Corpus
For example, if your current age is 30 years and monthly expenses are ₹50,000, it will rise to ₹1,06,000 per month by the time you reach the age of 50, assuming that the inflation rate will remain at 4.6%. Therefore, if you want to retire at the age of 50, you need to save for another 30 years. According to the calculation, you need to have a retirement corpus of more than ₹3 crore to meet your monthly expenses for 30 years (₹.1,06,000 x 30 years).