Can someone tell me how much money a person would need on a monthly basis after his retirement for him/her and spouse?
Points to be considered are :
1. Person monthly spending as on Today is Rs x, Excluding Child Education Cost and their upbringing cost since this cost will not be required after retirement.
2. Inflation has to be considered while coming up the future cost.
3. No rental expanses assuming person owns a home to stay.
So what I need is if Today’s expenses are Rs x and Future expenses (After 25 Years ) has to be y*x what will be number y.