Is ₹1 crore enough for your retirement?

Is Rs 1 crore sufficient for retirement? A recent study suggests not. Axis Max Life Insurance's Bharosa Talks India Retirement Index Study 6.0 found that urban Indians' confidence in a Rs 1 crore retirement benchmark has declined. In 2025, 77% of respondents believed this amount would be enough, but by 2026, the figure dropped to 70%.

Despite this, Indians have only saved an average of 28% of their target retirement corpus. Factors like current lifestyle, expenses, retirement age, inflation, healthcare costs, and the duration the corpus needs to support them all play a role in determining the required retirement amount. Changing retirement aspirations, growing financial anxiety, and a greater emphasis on health and family also contribute to this gap.

While 61% of urban Indians know the corpus they'll need, only 11% are confident it will last their lifetime. Early retirement is becoming more common, with 7 out of 10 urban Indians wanting to retire before the traditional age of 58–60 if financially secure. As a result, retirement is no longer just about age but financial freedom to pursue desired activities.

The study indicates that health is gaining importance in retirement planning, with 75% of respondents expecting to remain healthy during retirement. Retirement aspirations now include travel, hobbies, and personal passions, making the required corpus highly individual-specific.