Is 1 Crore Enough To Retire? How to plan your retirement?

Retirement Calculator

A retirement plan is a type of life insurance plan designed to fulfil the post-retirement needs of an individual. It helps create a corpus amount and generate a regular income after retirement in the form of a pension. Hence, it is also known as a pension plan.

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[Bigwilli]

Retirement seems so much harder now than it was a decade ago. The rising cost of living, inflation, and unpredictable markets are making it impossible to calculate a safe number

[riyazahmed]

1crore is more than enough if your target is peace of mind and emotional family bonding. Sheer materialism and status conciousness has no end. Medical expenses are also negligible if you are a fitness and health freak (you font need a gym to be a health freak)and you have no hangups getting medical care in a decent govt hospital. By 58 your children responsibilities are over . Your loans are over. You have your own house. You love cooking so outside food doesnt give you enough kick. You will have clothes enough to last a lifetime. . You have great friends so once in a while u can enjoy a drink party, play cards carrom and watch movies in hometheatre .Nearby holidays and picnics are enough to give u enjoyment . Shopping drastically reduces. And if reading is your hobby, kindle becomes your best friend.

Main thing is fitness. Im 52my dad is 83 my mom 78 my wife 44 .we excersise regularly and are without any desease . Medical expense is almost negligible. People should link fitness with money and i guess all will be health freaks.

[kushik.naveen]

These calculators are good for estimates but all the factors are so varied that you should always keep a healthy buffer for everything

[abhijeetpanse]

Most of the people go wrong while calculating is they input the monthly expenses comparing today’s expenses whereas after you retire your monthly expenses is going to be reduced compared to your current.. the only expense which is going to increase is your medical bills if you have not had a healthy lifestyle

[mohansanthanam]

Life expectancy till 90 is very rare.
10% return is possible only on long term investment.
I think 30k is enough if you are healthy & lead a simple life.
Good calculator.

[JustChill]

Let us look at things like this.

You are from tier 2 city and you have your own house and your monthly expenses are 25000.

Now if you have one crore and the same is even kept in bank FDs it will fetch you 50000 per month. So your monthly savings is 25000.

So if you have sufficient medical cover and no other liability, one crore is sufficient

[charlottehoward]

I think it's especially difficult for retirees and near-retirees, I know to focus on the long term but the anxiety when you're supposed to retire in 3-5 years is exhausting. it is difficult for me to participate in the market right now due to the full-time nature of my job. it will be too stressful to combine so I don't even think about it

[jdlangthasa]

Many employee retired without money, you are retired with 1 crore. What a luck you are.

[sowrabhlal]

M 31 yrs old discharged from Armed Forces on Medical Ground with service of 12 yrs 7 months 11 days got gratuity and other includes 25 lakh and pension of 24000/- abi me Ghar par Maa Papa ki service kar rha hu❤ Jai Hind❤

[csuryavanshi]

If you are a Govt employee with pension, one crore is good amount, otherwise 1 cr is just peanuts in Metros or even in 2nd tier cities considering today's interest rates, inflation etc. God bless you in MFs, stocks, real estate.

[rohangurung]

I m 17 years n my goal is to make 1 crore with in 20 year. no family fortune nothing going to start from scratch I. Don't know if I'll make it but I'll do my best 😊

[kashi]

Don't have penny still retire ....paisa hi samsya hai hai to b nhi hai to b .namak roti khaie Hari har ke gun gayiye .

[InfiBlogger]

Your expenses will drop considerably because,

1. You have a home. No rent.
2. Your kids are now married and you don't have to spend on them. Occassionally they can give you some money. Maybe not.

So today's, expenses will definitely go down after 60 years and you can survive easily.

[pushkarerande]

Life is not so simple, such that we can simply filter our retirement down to 1 calculator.
This is speculation at best.
If invested in right instruments, and buy in bulk (whatever we need), remain fit, inflation cannot screw with us.
Even PPF can bring us bigger corpus if retained for long term for compounding.

[payaljoshi]

Unrealistic expectations are the main cause of financial instability.
Another reason is to compare with others.
Live simple life.
You are here to live a good life and not for show off or follow others

[rajpradeep]

The word enough is not applicable even if 5 cr is there for some, can’t quantify it…1cr is enough for a peaceful life, provided you have an own house

[am_Sachin]

I'm 32 returned to india from Australia after 10 years. I have already built 2 houses with 3 crore and a 50 lac car. No loan. I have 1 cr in cash. Can I retire with SWP in mutual fund? I dont spend unnecessarily so dont need much. Maybe 30-40k a month max. Is index or mutual fund better?

[religionofpeace]

Really good and helpful video for everyone. Great job!!

[sagarpednekar]

Best Retirement Calculator, Sir, Thanks

[apurbaghosh]

I am trying to retire, back in India already, this video is kinda helpful