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Is one crore saving sufficient for retirement at 45 in India?

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One crore is a huge amount when you see it all at once. But, when it comes to spending your life after your retirement with it, say 45 (as you've specified), it all depends on what type of standards you want to maintain or say how do you utilise that amount. read more

In India inflation is much higher than US, so I would put it as 40 times. So 1 crore is sufficient if your current expense is 2.5 lakhs per year. Some financial advisors recommend that one house + liquid cash of 5 crore is enough for retirement and a decent lifestyle. Inflation is the key uknown here. read more

If you think you can survive with 18 lacs per annum in your retirement with your spouse, pay bills, afford medical costs, marry of children, etc. etc. then a 3 crore investment in FD is great. Also get a professional accountant to handle your finances. Do not hire the first one you encounter. read more

So, it is clear that Rs 1 crore is not enough for Samrat to maintain a healthy and comfortable lifestyle after retirement. It is, in fact, off by a huge margin of 80%. read more

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