A retirement corpus of Rs 1 crore has long been considered a significant financial milestone by many Indians. However, that amount may no longer be enough to sustain a comfortable retirement for many, particularly in light of growing living expenses, inflation and greater life expectancy. Chartered accountant Nitin Kaushik in a social media post on X writes how a Rs 1 crore corpus is a retirement trap and not a milestone.
According to Kaushik, a retirement corpus of Rs 1 crore could put you below the urban middle class poverty line as the monthly amount you get from it may be insufficient in a few years from now.
