Planning retirement with Rs 1 crore? Here is how to get Rs 1 lakh per month! All you need to know

So you have saved Rs 1 crore for retirement, but how to use it? For anyone planning retirement with a corpus of Rs 1 crore, the first question is: how long should your savings last? Should it cover 20 years, 30 years, or even longer? The answer to this depends on multiple factors, including your expected retirement period, the rate of return on your corpus, inflation, and the annual withdrawal rate. One way to ensure that your corpus lasts lifelong is that the rate of return should be so high that inflation can not erode the corpus. Another major factor to consider is the corpus withdrawal rate. The widely followed 4% withdrawal rule suggests that retirees can withdraw 4% of their corpus each year, adjusted for inflation, to ensure their savings last throughout their lifetime, accor