With life expectancy in India now over 70 years, retirement planning must adapt to longer retirements. A Rs 1 crore corpus can last 30 years if annual withdrawals rise with inflation, but the corpus still grows to Rs 3.37 crore due to an 8% return assumption. However, the median Indian has saved only Rs 28 lakh, far short of the Rs 1 crore needed.
How a Rs 1 crore retirement corpus can last 30 years
Source: Moneycontrol