The calculator now says he needs to save over `10 crore in the next 27 years, but Amlani is not worried. It's futile to imagine a nest egg of `10 crore if your investment term is only 1-2 years.The trajectory of equity investments is never a straight line. Although equity funds have churned out much higher returns in the past 15 years, we have assumed a conservative 12% returns from equity investments. To sustain those expenses for 20 years in retirement, you need a corpus of `9 crore. The Mumbai-based finance professional, whose gross income was around `10 lakh a year then, needed more than `8 crore to fund his retirement needs.

Source: Times of India June 13, 2016 01:25 UTC