Well, these days retirement planning is so much more than that.
Today one needs to properly plan out the years of post-retirement else the promise of golden years can fade away quickly.
Consider the amount you intend to spend on your children’s education, their marriage, your travel goals, and so forth while calculating the said corpus.
Even a small amount of money that is being saved matters a lot.
Thanks to the power of compounding, small financial contributions can create an impact in the long run of the retirement plan.
2,16,23,129*Assumed return is only for the illustrative purpose and not to be considered asa guarantee.