76% Indians Have No Retirement Plan

Most Indians aged 40-60 feel confident about retirement but have saved only a fraction of what they need. The gap between actual savings and required corpus is massive — and most people have no plan to fix it.

Here's what happened: A personal finance survey found 76% of Indians aged 40-60 have no detailed retirement plan despite being close to retirement age.. The median retirement savings among respondents was around ₹28 lakh — far short of the ₹1 crore widely considered a minimum comfortable corpus.. Despite this shortfall, over 61% of those surveyed felt confident they would retire comfortably, revealing a dangerous gap between perception and reality..

What you should do: Calculate your retirement corpus now: multiply your expected monthly expenses by 300 (25 years × 12 months) to get a realistic target.. Start or increase a monthly SIP in diversified equity mutual funds — even ₹5,000/month at 12% annual return grows to over ₹1 crore in 25 years.. Review your FD-heavy portfolio: fixed deposits alone rarely beat inflation long-term, so shift a portion toward equity or hybrid mutual funds if your timeline allows..

The 4% withdrawal rule: if your corpus is ₹1 crore, you can safely withdraw ₹4 lakh per year (₹33,000/month) without running out of money for 25+ years.