Chartered accountant explains why Rs 1 crore is insufficient for retirement in India

economictimes.indiatimes.com

A Chartered Accountant argues that Rs 1 crore is no longer sufficient for a comfortable retirement in India due to inflation and rising costs. Experts suggest a retirement corpus of Rs 5 to Rs 10 crore is now needed to maintain a similar lifestyle and cover expenses like healthcare. The article highlights that increased lifespans, healthcare inflation, and taxes necessitate a reevaluation of traditional retirement savings goals.


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Chartered accountant explains why Rs 1 crore is insufficient for retirement in India | News Minimalist