RBI MPC on inflation: A 0.5% higher inflation may need Rs 77 lakh higher retirement corpus

[IndiaInsurance]

https://img.etimg.com/photo/95249085.cms (https://economictimes.indiatimes.com/wealth/plan/rbi-mpc-on-inflation-a-0-5-higher-inflation-may-need-rs-77-lakh-higher-retirement-corpus/articleshow/95249085.cms)A long-term goal like retirement requires substantial savings to face the uncertainties that life can throw up. Inflation has a huge impact on a retirement corpus target. This is because one has to deal with price rise not only during the saving phase, but also plan for a rise in expenses each year after retirement.

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