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However, one big difference that works against us is that our generation is addicted to luxury spending. We cannot imagine life without buying expensive watches, eating out in expensive restaurants and showing off on Instagram. So even if we retire earlier than our parents, this pressure to spend will still be there.
So, for a luxury retirement, I’m thinking 50 crore corpus at age 50-60 if you 0 kids and an earning wife (or no wife); 65 crore if you have 1 kid and an earning wife; 90 crore if you have 1 kid and a housewife? Includes inheritance and also assumes elderly parents fund themselves.