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How Much Money Do You Need To Retire?

Read this blog to know more about investing for a comfortable retirement. Get 5 tips to help you plan your retirement investments today.
April 18, 2024
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Did you know that only 1 out of 3 Indians actually save money for retirement? This means that a whopping 12 Cr Indian working professionals do not save for retirement!

Surveys show that 7 out of 10 Indians think that their children will take care of them after retirement. Both these stats highlight that we need more education on saving for retirement.

In this story, we will walk you through the ideal age to retire and the amount of money you might need, and the investment options that can help you lead a comfortable post-retirement life. Read till the end to know more about investment options for retirement.     

What Is The Right Age To Retire?

There is no “right age” to retire but in India, the retirement age for working professionals is 60 years while central university employees may retire at the age of 65 years. But does this mean that you should retire at 60 or 65? Not actually.

If you have enough channels of passive income, savings and investments, the age of retirement doesn’t really matter. The conversation moves on to the kind of lifestyle that you want to lead once you retire. 

How Much Money Do You Need To Save To Retire?

According to experts, you should have at

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