Retirement Guide
Why is Retirement Planning critical?
Retirement is the only financial goal you cannot get a loan for. With increasing life expectancy and rising medical costs (Inflation), your savings need to last for 20-30 years without a salary.
The 4% Rule
A popular rule of thumb is the 4% Rule: If you withdraw 4% of your retirement corpus in the first year and adjust for inflation thereafter, your money should last for 30 years.
The Power of Inflation
If your monthly expense is ₹50,000 today, at 6% inflation, you will need ₹1.6 Lakhs/month after 20 years just to maintain the same lifestyle. This calculator accounts for that.