How much money do you need to have saved up to retire in India? Well that is the million dollar question isn't it!
Or rather the crore rupee question. Probably the single most difficult question to answer for anyone planning to retire. Knowing if you have saved up enough, before taking the plunge is critical to give you the confidence to kickback and retire from your daily grind. But how do you go about figuring this out? How can you know for sure that you have got enough? There are so many factors that can impact this magic number, and you just cannot afford to go wrong on this one. In this article, I explore some thoughts on how to estimate the retirement corpus or portfolio that you would need today, to be able to successfully retire. I will share a simple method to estimate the retirement corpus, and also explain any assumptions I have made in my calculations.