1. Understand Your Retirement Lifestyle
Think about how you wish to spend your retirement—travel, leisure, hobbies, or supporting family—and estimate the monthly expenses for that lifestyle.

2. Estimate Retirement Duration
Use your expected retirement age and life expectancy to calculate the number of years you'll need to fund—often 25–30 years or more.

3. Account for Inflation
Adjust your future cost of living and healthcare needs using inflation to avoid underestimating the required corpus.

4. Calculate Retirement Corpus
Based on desired monthly income and expected post-retirement returns, estimate how much you need to accumulate before retiring.

5. Start Saving Systematically
Use SIPs, employer contributions, and additional voluntary savings to consistently work toward your goal.

6. Protect Your Health
Secure a reliable health insurance policy that covers future medical expenses as healthcare inflation can quickly eat into savings.

7. Build Emergency Reserve
Even in retirement, keep a 6–12 month buffer in liquid funds to handle unexpected events without disturbing your investments.

8. Track and Rebalance
Review your progress annually and adjust contributions, asset allocation, or timelines based on performance and personal changes.