The length of one’s life is unpredictable, and retirement can often last longer than expected. In some cases, the years spent in retirement may even exceed the years spent working. This makes retirement planning crucial, as it’s one of the few financial goals for which no loan is available. The earlier you start, the more secure and comfortable your retirement years will be.
Inflation plays a significant role in shaping post-retirement expenses. For example, if your current monthly expenses are Rs 1,00,000, with an annual inflation rate of 10%, you’ll need Rs 1,61,051 to maintain the same standard of living after just five years. Imagine the impact of inflation over the next 20-25 years! Basic expenses like telephone bills, travel, clothing, festivals, and especially medical costs, can add up to a lot of stress during retirement.
At Capital Wave, we provide an easy way to calculate how much you’ll need for a secure retirement. Simply input your current age, expected retirement age, current monthly expenses, inflation rate (we suggest 8-9%), and expected returns (suggested: 12-15%), and we’ll help you plan for a worry-free future.
For any assistance, feel free to reach out to Capital Wave at +91 97799 36422. Let’s make your retirement planning simple and effective, ensuring you have the financial stability to enjoy your golden years!
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