Younger Indians prefer early retirement

Younger Indians, notably those aged 25 years or below, now prefer early retirement and among this group, 43% desire to retire between 45 and 55 years, according to a new report released on Tuesday.
Overall, a significant 56% of respondents plan to retire between the ages of 55 and 65, aligning with standard retirement practices in India.
More than half (55%) of respondents expect a monthly pension exceeding Rs 1 lakh. However, only 11% believe their current investments are sufficient to meet these expectations, said the survey-report by Grant Thornton Bharat.
According to the findings, government-backed plans remain the most preferred option, with 39% of participants favouring such schemes. High-risk, high-return plans are particularly appealing to younger respondents.