How much do you need for retirement
You need to table your expenses and adjust it for inflation. assuming inflation will be low, an amount of 5% can be taken
Once you know your total expense, factor in the average inflation for the period you need the money
If you are in your 20s and 30s, you may assume that retirement is far away. However, planning for it at the beginning of your career can help you reap the benefit of compounding, making your money work harder. There are two parts to retirement planning – estimating the requirement of post-retirement expenses and planning to accumulate the amount. If you are planning to work out your retirement kitty, here is how you should do it.