How much savings might be needed to retire at 55 vs 60?
Retiring at 55 can require a larger corpus than retiring at 60, as savings must fund a longer retirement. Moneycontrol estimated that monthly expenses of ₹60,000 today could reach ₹80,000 in five years at 6% annual inflation. If one plans until 85, they'll need a corpus of ₹2.88 crore to retire at 55 and ₹2.4 crore to retire at 60.
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