- Only 11% of Indians have adequate retirement savings
- Average retirement corpus in India: ₹2-3 lakhs (barely enough for 2 years)
- 68% of retirees depend on their children financially
- Life expectancy increased to 69 years, but retirement planning hasn't improved
- If you retire at 60, you need money for 25-30 years
- Post-retirement medical expenses increase by 200-300%
- Inflation reduces purchasing power by 50% every 12 years
- If you spend ₹6 lakhs annually, you need ₹1.5 crores at retirement
- If you spend ₹10 lakhs annually, you need ₹2.5 crores at retirement
- Aim to replace 70-80% of pre-retirement income
- Factor in inflation over 25-30 retirement years
- Plan for increased medical expenses (3x current costs)
- Government-backed pension plans
- Immediate and deferred annuities
- Post office monthly income schemes
- Fixed deposits ladder strategy
- Equity mutual funds for wealth appreciation
- ELSS funds for tax saving + growth
- NPS for additional tax benefits
- Gold ETFs for portfolio diversification
- Emergency fund for unexpected expenses
- Liquid funds for immediate requirements
- Real estate investments for rental income
- Health insurance for medical security
- In your 20s-30s: Aggressive equity allocation (70-80%)
- In your 40s: Balanced approach (50-60% equity)
- In your 50s: Conservative shift (30-40% equity)
- Post-60: Income-focused portfolio (20-30% equity)
A systematic, disciplined approach that ensures you maintain your current
lifestyle even after retirement, without depending on anyone.