What is your retirement plan? I found 25X annual saving rule for developed economies where inflation is stable.
Any thoughts on this?
What is your retirement age?
What’s the inheritance wealth u would be getting?
How you arrived at the formula? 25 x Annual savings? For ex - if I can only save 100rs/annum, 2500 would be good for me?
In western world they follow 4% withdrawal rule that means if you withdraw 4% every year and you have saved 25 X annual expenses you can sustain forever. In India this might not help considering the inflation and other things.
I think over here 50X or something in that range might be safe.
Thanks for this info! I can still see some finance youtube gurus telling people to save 25x annual expenses. They are ignoring the inflation part & copying the same formula.
How much do you plan to accumulate to retire and at what age? What kind of monthly income will let you retire peacefully?
Dimag kharab hogaya thread padhke.
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