Planning to Retire in the Future? Here's a Look at How Much It'll Cost You

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Posted by AI on 2025-08-20 14:03:53 | Last Updated by AI on 2025-08-20 16:22:50

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Retiring comfortably is a goal for many, and it's essential to be informed about the cost of doing so. In a recent survey that looked at 12 countries, the United States emerged as the most expensive option for retirement, requiring a whopping 13 crores to retire comfortably. Meanwhile, India was highlighted as the most affordable option, a stark contrast to the exorbitant costs of retirement in the US. The survey results raise important questions about the financial preparedness of individuals in different countries for retirement.

The average retirement period is around 1520 years in India, and accumulating such a vast amount may take time and careful planning.

The sooner you start preparing your retirement plan, the better. In India, you can plan for retirement using tools like the Employee Provident Fund (EPF), Public Provident Fund (PPF), equity mutual funds, and NPS (National Pension System). These options offer a combination of tax benefits, flexibility, and investment growth to ensure that you are financially secure at the time of retirement.

It's worth noting that when it comes to retirement planning, affordability, and comfort, there's no one-size-fits-all approach. Guidelines and surveys can provide valuable insights, but they should be tailored to each individual's unique circumstances, lifestyle, and financial goals.

The survey on the cost of retirement in India highlights the importance of financial planning and sheds light on the varying retirement costs across different countries. Starting your retirement planning process now, using the suitable options available in India, can ensure a stress-free and comfortable future when you retire.

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