How much money is enough in India for retirement?

You might be surprised that retirement at age 55/60 requires 5-7 crores, but a person wishing to retire at 45 can get away with a corpus of only two crores! This is due to inflation of current expenses resulting in higher withdrawals. See: Retire early to lower your retirement corpus!

What is my pensionable salary?

Basic pay. In this calculation pensionable earnings = the employees’ basic salary before bonuses, commission and overtime.

Is Rs 1 crore enough to retire in India?

Though Rs 1 crore may not be enough to retire in India, it can still help you generate a decent monthly interest income which can take care of the basic needs of a small family for very long if not forever. And in fact, till not very long, many Indians desired to put a crore in FD and live a peaceful life on the interest income.

How much is the monthly interest on a 1 crore FD?

If FD interest rate is 6\%, then you get Rs 6 lakh on a fixed deposit of Rs 1 crore in a year. This means you get a monthly interest of Rs 50,000. If FD interest rate is 6.5\%, then you get Rs 6.5 lakh on a fixed deposit of Rs 1 crore in a year. This means you get a monthly interest of Rs 54,167.

How to invest 1 crore lumpsum in mutual funds?

Since you have one crore lumpsum in your hand and you may want to invest in mutual funds through SIPs, the best way is to put the lumpsum amount in liquid funds and systematically transfer the same to equity funds on weekly, fortnightly or monthly basis.

How much money will Samrat need to retire in India?

He has to make intelligent guesses about inflation and the possible returns on investment. Samrat will need about 60\% of current regular expenses as his monthly regular expenses when he retires. Currently he needs Rs 50,000. Therefore, he will need Rs 30,000 per month or Rs 3,60,000 per annum.