Planning to retire comfortably in India? Save this amount
What's the story
A recent study by HSBC has revealed that Indians looking for a financially secure retirement should save around ₹3.5 crore (approximately $401,000). The "Affluent Investors Snapshot 2025" report highlights the growing concerns of Indian investors over inflation, rising living costs, and longer life expectancies. These factors are reshaping their retirement planning strategies significantly.
Investment trends
Shift in investment preferences
The HSBC report highlights that Indians now need a huge corpus to sustain a comfortable post-retirement life, owing to rising healthcare costs, inflation, and lifestyle aspirations. While short-term goals like travel or property purchases still dominate many investors' minds, there's a major shift toward long-term financial security. This is reflected in their investment preferences with gold, stocks, and managed investments being the top choices.
Planning importance
Early planning crucial for success
Investors who started in their early 30s were more confident about achieving their targets, while those who delayed were worried about compromising on their post-retirement lifestyle. This finding underscores the importance of starting to save and invest early in life to build a sufficient retirement corpus over time.
International perspective
Retirement targets in India vs other countries
The HSBC report also compares India's retirement target with other countries. While ₹3.5 crore may sound huge, it is lower than the targets set by countries like Singapore (₹11.5 crore), Hong Kong (₹9.1 crore), USA (₹13 crore), and China (₹9 crore). Financial experts recommend aggressive savings and smart investments to build a sufficient retirement corpus amid rising urban expenses in India.