Planning for retirement is one of the most critical financial goals. The "Retirement Corpus" is the lump sum amount you need to accumulate by the time you retire to ensure you can maintain your current lifestyle for the rest of your life.
Key Factors
- Inflation: The silent killer of wealth. Expenses double roughly every 10-12 years with 6-7% inflation.
- Life Expectancy: With medical advancements, people are living longer. Your corpus needs to last potentially 25-30 years post-retirement.
- Returns: Earning a return higher than inflation (real return) is crucial to ensure your money doesn't run out.