The table below guide you how much you should save to generate a corpus of Rs 1 crore. Your savings amount reduces if you choose higher risky assets. It is also advisable to select multiple assets category to diversify the risk. But if the retirement is 10 years or less, you should not go overboard in investing all in risky assets.

For one Crore Retirement Corpus(Amount in Rs)
Investment Vehicles	Interest Rate (Assumed)	Savings per month
		10 Years	15 years	20 Years	25 years
Life Insurance	6.00%	60,717	34,215	21,535	14,358
Provident Fund	8.50%	52,779	27,446	15,837	9,621
Bank Deposits	9.50%	49,836	25,057	13,936	8,139
ULIP’s, NPS	10.00%	48,414	23,928	13,060	7,474
Balanced Funds	12.00%	43,041	19,819	10,009	5,270
Equity Funds	15.00%	35,886	14,774	6,597	3,045

How much to save from your income?  The view on savings for retirement at young age varies between 10-20% of your income. But it will vary depending on your situation. One the good option is to opt for a higher deduction in the Voluntary Provident Fund (VPF).  NPS is also a good option with low expenses and the asset class is  a combination of Govt Securities, Corporate Bonds and Equities, The amount can be withdrawn after 60 years and must use 40% of the corpus to buy an annuity. Manage your expenses  If there are not enough investible surplus, one need to bring lifestyle changes, buying behavior  and cut down on wasteful expenses. Warren Buffet says that if you buy things you don’t need, you may soon have to sell the things you need. Further one must be restrictive with the use of credit cards and it is desirable to use cash while making purchases. Using cash in purchases pinches more than if you were to swipe your card. Should you retire at sixty? If your retirement savings are not enough ,you may have to  postpone your retirement Similarly if you have saved  enough for retirement,you may examine early retirement  If you want to work longer you need to upgrade your skill and keep yourself healthy. To ensure gainful employment after retirement, keep in touch with the latest developments in your industry and develop a network of people who matter. Last resort  Reverse mortgage is now turning out to be a source of hope for many who do not have enough retirement savings. It  helps unlocking the value of the property. It is just the opposite of a home loan. In reverse mortgage, the bank starts giving the owner a monthly payment as a loan against his house. His/Her heirs will have to repay the reverse mortgage loan taken by him/her against the property. Now the monthly amount to be received under annuity of reverse mortgage is  tax-free. This can make you worry free financially in the  golden period of your life.