Livemint

Are you 30, 40 or 50? Here's how much retirement savings you may need at your age

Retirement planning must account for inflation and decades of expenses after regular income stops. With 7% annual inflation, someone spending 50,000 a month today could need a retirement corpus of 2.20 crore to 11.95 crore by age 60, depending on their current age and years until retirement.