Are you 30, 40 or 50? Here's how much retirement savings you may need at your age

Retirement planning must account for inflation and decades of expenses after regular income stops. With 7% annual inflation, someone spending ₹50,000 a month today could need a retirement corpus of ₹2.20 crore to ₹11.95 crore by age 60, depending on their current age and years until retirement.

Retirement planning often takes a back seat to immediate financial priorities such as buying a house, paying off a home loan, funding children’s education and building an emergency fund. But delaying retirement planning can make an already large financial goal harder to achieve.

For someone spending ₹50,000 a month today, the amount needed to cover routine expenses at retirement could be several times higher, depending on how many years remain before they stop working.

We calculated the retirement corpus required for people currently aged 30, 40, 50 and 55, using monthly expenses of ₹50,000 today, 7% annual inflation, retirement at 60 and a life expectancy of 90. The calculations assume no existing retirement investments and an expected annual return of 8% during retirement.

Retirement corpus needed at ages 30, 40, 50 and 55

The estimates illustrate how inflation can reshape retirement needs across different stages of working life.

A 30-year-old spending ₹50,000 a month today would need an estimated ₹11.95 crore at age 60. For someone aged 40, the target is ₹6.08 crore, while a 50-year-old would need ₹3.09 crore. The estimated requirement for a 55-year-old is ₹2.20 crore.