Many employees in their mid-40s or early 50s whose jobs are being hit by modern technologies such as artificial intelligence may find themselves out of employment or forced retirement. But be it voluntary or forced, having an early retirement means you need money for a longer period compared to someone who retires at 60. If you retire at 40 or 45, your retirement may stretch for 40-45 years. So, it is important to know the amount required for an early retirement. What if you plan to retire with a Rs 1 crore corpus at 45 years of age? Will such a corpus help you sustain throughout your life, or you need a higher amount?
Is Rs 1 crore enough to retire early in India today?
