Don't delay retirement planning; estimate corpus as first step: Experts

Use a mix of equity funds, PPF, EPF and NPS; review and correct course periodically

The recently released 2021 Mercer CFA Global Pension Index survey (MCGPI) ranks India’s pension system 40th out of 43 systems. Futhermore, the Indian system ranks lowest on the adequacy sub-index (which refers to the adequacy of the benefits provided).

While the formal pension system has its flaws, a bigger issue in the Indian context is that over 90 per cent of the workforce is in the unorganised sector, where workers are not enrolled into a formal retirement saving system. Such workers need to plan for retirement on their own.

How much do you need to save?

When you start working, your retirement could