My PF corpus is around 1.35 Cr and have no other liabilities in terms of loans etc. How much money shall I keep for my retirement?
Ans: Determining the amount needed for retirement depends on various factors like your desired lifestyle, expected inflation, and life expectancy. A common approach is the 80% rule, which suggests aiming for a retirement corpus that's 80% of your final annual salary to maintain your lifestyle post-retirement.
Given your PF corpus of 1.35 Cr and assuming a final annual salary as a reference, you can estimate your retirement needs. Also, consider other sources of income like rental income or dividends that might contribute to your retirement income. Consulting a financial advisor can provide a more accurate estimate tailored to your individual circumstances.