Secure Rs 1 lakh monthly post retirement with smart planning and investments. (Image: Envato) Show Quick Read Summary is AI Generated. Newsroom Reviewed
Making your retirement peaceful depends on a well-planned strategy and self-discipline in saving. For those looking to get Rs 1 lakh per month after retirement, it is important to know the corpus needed and how to accumulate it. Getting started early and investing wisely can make it achievable.
Inflation Plays A Big Role
Inflation should be taken into consideration, as the worth of Rs 1 lakh today would be quite less in 20 to 30 years. Thus, inflation is a huge consideration while planning for a monthly retirement income of Rs 1 lakh.
For example, if your expenditure is Rs 1 lakh today and you expect to retire after 20 years, with