About 20-25 years ago, Rs.1 crore seemed a very large amount. However, the people who are set to retire in a few years might not agree. If invested in a risk-free instrument that offers 7.5% return, a corpus of Rs.1 crore will yield a monthly income of Rs.62,500. Some might find this amount sufficient to fund their monthly expenses today, but inflation will keep eating into this sum. In four years, even a modest 6% inflation would reduce its purchasing power to less than Rs.50,000. In the next f ..
