Tuesday, July 22, 2025

How much money do I need for retirement at the age 55 my current expenses are 50k per month current age 30

 To retire at age 55 with ₹50,000 monthly expenses today and you're currently 30, you need to account for inflation, retirement duration, and investment returns.

📊 Retirement Calculation (with assumptions):

Step 1: Future monthly expenses at 55

  • Current: ₹50,000/month

  • Inflation: 6% annually

  • Years until retirement: 25
    Future monthly expense at 55:
    = ₹50,000 × (1.06)^25 ≈ ₹2.14 lakhs/month

Step 2: Total retirement corpus needed

Assume:

  • Retirement age: 55

  • Life expectancy: 85 (30 years in retirement)

  • Post-retirement return: 7%

  • Inflation during retirement: 5%

  • Real rate of return: ~2%

Use a present value of annuity formula:

Required corpus ≈ ₹4.5 – ₹5 crore


💡 Tips:

  • Start investing early to benefit from compounding

  • Use SIPs in equity mutual funds for long-term growth

  • Revisit plan every 5 years



you can find how much money do you need to take early retirement Open & Find

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How much money do I need for retirement at the age 55 my current expenses are 50k per month current age 30

 To retire at age 55 with ₹50,000 monthly expenses today and you're currently 30 , you need to account for inflation , retirement durat...