<ul><li>The earlier you start, the more time your money gets to grow through the power of compounding. Initiating savings at a young age provides a long investment horizon for potentially significant returns.</li><li>Estimate your retirement corpus by aiming for 20-25 times your annual expenses at the time of retirement, accounting for inflation, lifestyle choices, dependents, and emergencies.</li><li>Inflation and healthcare costs should be considered when planning for retirement, as they can erode purchasing power over time.</li><li>Diversify your investment portfolio by including a mix of equity, debt, and government-backed schemes to ensure both growth and stability.</li></ul>

Retirement Planning: Seven Factors To Consider Before You Start

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