Only 26% Ready for Retirement: Is Your Plan Enough?

A new study reveals that only 1 in 4 people in North India believe their retirement savings will last 10 years. Rising costs, poor planning, and early retirement dreams are creating a dangerous savings gap most Indians are ignoring.

Here's what happened: A study finds only 26% of North Indians are confident their retirement savings will sustain them for 10 or more years, well below national averages.. Early retirement is increasingly popular as an aspiration, but financial preparedness scores in the region remain low, with most people underestimating how much corpus they actually need.. Rising healthcare costs and concerns about loneliness and lifestyle expenses in old age are adding new financial pressure points that existing savings plans rarely account for..

What you should do: Calculate your retirement corpus target now: multiply your expected monthly expenses at retirement by 300 (the 25x annual rule) to get a ballpark number, then check how far your current savings are from that figure.. Start or increase a dedicated retirement SIP immediately — even ₹2,000/month in an equity index fund at age 30 compounds to over ₹70 lakh by age 60 at a 12% return.. Add a separate health insurance policy of at least ₹20 lakh (super top-up if needed) before you retire, since premiums become expensive and pre-existing conditions get excluded if you wait until your 60s..

The 'retirement corpus' rule most planners use is 25x your annual expenses — but if you plan to retire early at 50, use 35x to account for the longer drawdown period and healthcare inflation.

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