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By:

Sayli Gadakh

11 November 2025 at 2:53:14 pm

Why Rs 1 Crore May Not Be Enough for Retirement

For most middle-class Indians, Rs 1 crore is a retirement milestone — but it may not be enough Bharat, 35, has a stable job, a growing income and a clear plan for the future. Discussing retirement with a friend, he says, “If I have Rs 1 crore by the time I retire, I’ll be financially secure.” For many middle-class Indians, Rs 1 crore remains a major financial milestone. But Bharath is not retiring today. If he retires at 60, his target is 25 years away, and inflation could significantly...

Why Rs 1 Crore May Not Be Enough for Retirement

For most middle-class Indians, Rs 1 crore is a retirement milestone — but it may not be enough Bharat, 35, has a stable job, a growing income and a clear plan for the future. Discussing retirement with a friend, he says, “If I have Rs 1 crore by the time I retire, I’ll be financially secure.” For many middle-class Indians, Rs 1 crore remains a major financial milestone. But Bharath is not retiring today. If he retires at 60, his target is 25 years away, and inflation could significantly reduce its purchasing power. Many retirement plans fail because they focus on a future number without considering what it will buy. If inflation averages 6% over 25 years, something costing Rs 1 lakh today could cost roughly Rs 4.3 lakh when Bharat retires. Rs 1 crore could therefore support a very different standard of living. Longer Retirements Earlier generations often relied on pensions, provident funds, family support and savings. That model is changing. Many private-sector employees may have no traditional pension, while longer life expectancy means savings may need to last 20 or 30 years. If Bharat retires at 60 and lives to 90, his corpus could have to support him for three decades. Retirement planning must therefore focus on sustainable income, not simply accumulation. Bharat currently spends Rs 60,000 a month. He expects expenses to fall after retirement as his children become independent and his home loan is paid off. But healthcare, insurance, medicines, household help, travel and lifestyle costs could rise. At 6% inflation, Rs 60,000 today would equal about Rs 2.58 lakh a month in 25 years. The Rs 1 crore target suddenly looks less comfortable. Health And Tax Bharat may have employer-provided health insurance while working but could lose it after retirement, just as healthcare needs increase. His plan should include health insurance, emergency and contingency funds, medical expenses and possible long-term care. Simply investing more is not necessarily the answer. At 35, Bharath has a long investment horizon and may be able to take greater investment risk, depending on his circumstances and risk capacity. As retirement approaches, capital preservation and liquidity become more important. Tax planning is also crucial. Interest income, capital gains, pension income and withdrawals may have different tax implications. With India’s Income-tax Act, 2025 coming into effect from 1 April 2026, long-term plans should be reviewed against the applicable tax framework. The key question is not, “How much will my investment statement show?” but, “What will my corpus be worth after inflation and taxation?” Look Beyond Property Bharat owns a house worth Rs 2 crore, but that does not mean Rs 2 crore is available for retirement. A house provides security and may appreciate, but its value cannot easily fund monthly expenses without changing living arrangements or using a financial product to unlock it. Retirement planning must therefore distinguish between net worth and income-generating assets. Instead of choosing Rs 1 crore as a target, Bharath should work backwards, considering current and future expenses, retirement duration, inflation, healthcare, other goals, investment returns and taxes. The real question is: “How much will I need to maintain my desired lifestyle without depending on my children?” Start Early Bharat’s biggest advantage at 35 is time. Compounding over 25 years can produce a dramatically different outcome from investing for only 10 years. A middle-class family does not need to start with a huge investment. It needs discipline and consistency. As income rises, retirement contributions should rise too, rather than allowing salary increases to disappear into lifestyle expenses. A practical plan should estimate future expenses, account for inflation, maintain a separate emergency fund, provide adequate health and life insurance, diversify investments and consider tax implications. It should also be reviewed as income, inflation, tax rules and family responsibilities change. Bharat now asks, “What lifestyle do I want after retirement, and how much will I need to fund it?” He starts investing early, increases contributions with salary hikes, controls debt and reviews his corpus regularly. He may ultimately need considerably more than Rs 1 crore. More importantly, he understands why. For today’s middle class, retirement planning cannot be based on a number that simply sounds impressive. Rs 1 crore may have been a significant milestone for an earlier generation, but inflation, healthcare costs, longer life expectancy and taxation could dramatically change what it provides decades from now. Retirement security depends not just on the corpus, but on its purchasing power and sustainable income. The lesson is simple: don’t ask, “Will I have Rs 1 crore?” Ask, “Will my retirement savings fund the life I want?” A large number today may not be enough tomorrow. (The writer is a Chartered Accountant based in Thane. Views personal.)

Human sacrifices suspected; five bullets missing

Mumbai: In a high-voltage courtroom packed with tension, the Nashik Sessions Court extended the police custody of fake godman Ashokkumar Eknath Kharat till March 29, as investigators sought time to probe shocking leads pointing at suspected human sacrifices and huge wealth besides the alleged sexual exploitation crimes.

 

In a startling revelation, the police said that they recovered a black revolver with 21 bullets from his Mirgaon farmhouse, but five shells are missing. The Public Prosecutor Ajay Missar said that this, coupled with other circumstantial evidence has raised suspicions of possible human sacrifice, though it has yet to be confirmed.

 

Kharat, 67, his face covered in a black cloth, was produced before the court at 3:50 pm, when the courtroom was crowded with lawyers, activists and commoners, while firebrand women’s leader Trupti Desai staged a noisy protest outside.

 

The Chief Minister Devendra Fadnavis made a statement in the Assembly on the Bhondu baba scam that has rocked the state polity for the past week with sensational details emerging daily in the investigations.

 

Sedative Substances

In Nashik, seeking extension of Kharat’s custody, the SIT IO Kiran K. Suryanshi informed the court details of the probe so far. He said that Kharat’s victims were given pedhas, crystal sugar and water after which they experienced nausea, pointing to sedative-laced substances which need to be traced.

 

The police also seized Rs. 6.53 lakhs in cash, two laptops and a DVR, the mobile phones of the accused and his associates are being investigated to determine the number of targeted victims, and the financial trail of his dealings of the globe-trotting Kharat, who is facing a total of 8 cases, including 6 lodged by his victims in different police stations.

 

Snakes’ Use

The prosecution said that the SIT wants to probe allegations that Kharat used cobras, snakes and tigers to proclaim himself as a ‘Siddha Purush’ with supernatural powers during his rituals. A pen drive with videos of his victims also needs to be probed and confirmed, besides recovering deleted data from his mobile phone and other devices through Forensic experts.

 

The sleuths have to dig out if these creatures were real or dummies, and whether wildlife laws are violated. He allegedly distributed the rare musk (Kasturi) suggesting illegal exploitation of the wildlife for his illicit activities, and details of his associates and accomplices in these crimes.

 

Opposing the plea for further custody, Kharat’s lawyer said that the investigation has already run for seven days, the police have recovered videos, electronic devices, cash and weapon, no additional evidence including a purported pen drive are officially recorded, and hence the probe can continue without his further police remand.

 

During the proceedings, Kharat was seen standing with his head bowed, staring at his hands, without displaying emotions or making eye contact with anybody.

 

When the court asked him for his version, he merely said: “I have no knowledge of snakes or tigers, hearing it for the first time. I only visited the temple occasionally during festivals when there were around a 100 people present. I have answered all the questions during the interrogation.”

 

After hearing both sides, the Additional Chief Judicial Magistrate Patil granted extension of Kharat’s custody by five more days till March 29, to enable the SIT probe the remaining angles.

 

Cops bar media

Considering the sensitivity of the sensational case, through Sahyog portal, the SIT has approached social Media like Instagram, YouTube or Facebook to delete or strike down photos/videos that could violate the privacy of Kharat’s victims.


Television channels which telecast such videos have been slapped with notices of warning proceedings under the BNSS Act, Sec. 72(1), after which several news outlets have complied.


Kharat is facing a total eight cases, including five from the victims comprising those in some alleged videos that went viral, one through a victim’s relative and 2 other related matters, which the STI is probing from multiple angles.

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