Is Rs 1 crore enough for retirement?

What happened: An Axis Max Life Insurance study with Kantar surveyed Indians aged 22 to 65 across 40 cities on retirement planning, corpus targets, health, and loneliness in retirement. Key numbers: 1 in 2 respondents say planning should start from the first pay cheque. Average age to start thinking about retirement saving is 31. 70% have started their retirement investment journey. Why it matters: Fewer respondents believe a Rs 1 crore corpus will fund a comfortable retirement, and few are confident their savings will last, while loneliness in retired years is a rising concern.

An Axis Max Life Insurance study with Kantar surveyed Indians aged 22 to 65 across 40 cities on retirement planning, corpus targets, health, and loneliness in retirement.

Fewer respondents believe a Rs 1 crore corpus will fund a comfortable retirement, and few are confident their savings will last, while loneliness in retired years is a rising concern.