HOW MUCH IS ENOUGH? If you are
How much you need to save to build an effective retirement corpus depends on your age. Here’s what you should save at different ages.
If you are
If you are
If you are
30
40
50
20 Save
20%
of your income
Save
30%
of your income
Save
40%
of your income
Save
50%
of your income
The figures given here are the minimum you should save to take care of your expenses after retirement. To meet other goals that you may have, such as children’s education or marriage, you would need to save over and above this amount. Source: Mint research