News From Press How much corpus amount will be needed if I’ve to retire at 45?

How much corpus amount will be needed if I’ve to retire at 45?

Source: Mint Apr 22, 2022

I am 31 years old and earn ₹1.3 lakh salary per month after taxes. I want to retire by the age of 45. My current cost of living is approximately ₹50,000 per month . I have been investing in public provident fund and National Pension Scheme. My savings as on date is ₹18 lakh. I also invest around ₹60,000 per month in mutual funds. How much corpus would be required if my retirement age is fixed at 45 and other factors such as inflation till the age of 85 years are taken into consideration?

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1 Comment

Kamlesh · 2 years ago `

Considering the inflation at 6% future value of 50000 at your 45 would be 115000, so you would be needed of 1.9 crore corpus at your 45 to meet your current expenses .

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