There is an article by Radhika Merwin
“The first step is to calculate how much you will need towards living expenses after retirement, depending on your lifestyle. Let’s say you’re 30 years old, currently drawing an annual income of Rs 10 lakh. What percentage of your income will be enough to cover your living expenses after retirement? A meaningful estimate would be 70-80 per cent of your current income. So, in our example, that makes it Rs 7 lakh a year for expenses after retirement.
However, here is where you need to let ‘inflation’ in and brace yourself. Thanks to the eroding power of inflation, the Rs 7 lakh living expenses today will be equal to Rs 66 lakh after 30 years, when you are ready for retirement.”
Then with some calcualtions…she says you need a figure between Rs. 9-13 crores for generating this income…i.e. Rs. 66 L for 25 years…
———End of quote———-for full article see Business Line please….
THERE IS AN OBVIOUS mistake in the article…anybody wanting to comment?
Prof. Pattu of free fin cal NOT ALLOWED PLEASE….lol….
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