How Much Do I Need to Save for Retirement?

Retirement — the dream phase where you finally get to slow down, travel, pursue passions, or simply relax with your morning tea without the rush of deadlines. But how do you ensure you can live this phase comfortably and without financial worry?

Let’s break it down together.


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Start With the Golden Rule: The 70-80% Rule

Most financial planners recommend replacing 70% to 80% of your pre-retirement income annually. So, if you currently earn ₹10,00,000 a year, you may need about ₹7,00,000–₹8,00,000 per year post-retirement (adjusted for inflation).

But here’s the twist — inflation, medical costs, and longer life expectancies mean this number needs to grow with you.


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The Power of Early Planning

The earlier you start, the more your money grows — thanks to compounding. Let’s say:

You start saving ₹10,000/month at age 30

Invested in a diversified mutual fund portfolio earning ~12% annually

By 60, you’ll have ₹1.15 crore+


Now compare this to starting at 40 — you’d end up with less than half that.


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Factors to Consider

1. Your Ideal Retirement Age – Planning to retire at 50 or 60 changes the equation entirely.


2. Lifestyle Choices – Traveling the world vs. living a peaceful life in the hills? Expenses differ.


3. Life Expectancy – Plan to live comfortably till 85–90.


4. Inflation – A silent wealth killer; ₹1 today won’t hold the same value tomorrow.


5. Medical & Emergency Expenses – Health insurance and emergency corpus are a must.




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A Simple Thumb Rule

Multiply your annual retirement expense by 25 to 30 to get your retirement corpus.

> Example: If you need ₹10,00,000 annually in retirement
You’ll need around ₹2.5 to ₹3 crore saved before retiring.




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Don’t Guess. Plan.

At WealthCare Vest by Ragoel, we go beyond guesswork. We help you:

1. Analyze your current finances

2. Project future goals

3. Adjust for inflation, taxes, and risks

4. Build a sustainable investment strategy


Your retirement should be a celebration — not a compromise. Let's make that vision a reality.


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Ready to Take the First Step?

Let’s design a retirement plan tailored just for you.
Connect with us today.


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WealthCare Vest by Ragoel
Caring for your wealth, strengthening your investment.


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Disclaimer:

This blog is for informational purposes only and does not constitute financial advice. Please consult a certified financial planner before making any investment decisions. Past performance is not indicative of future results.

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