Retirement planning for most people is synonymous to saving money. However, the amount of your retirement corpus depends, to a large extent, on the lifestyle that you wish to maintain after your retirement. So it is very important to first find out that what you really intend to do in your retired life. After you have decided on that, find out the amount of money that you need after retirement to maintain the lifestyle you are looking for. Then find out a way which will enable you to accumulate that amount of money and work steadily towards achieving that goal.

Let us look at some post retirement scenarios for better understanding. You may want to stay at one place only or you may want to visit different places of the world. You may intend to do some volunteer work or you may want to learn a new skill. You may want to take up some part time job for which you may need to learn something now. You may want to lead a moderate lifestyle or you may be looking for a lavish way of living. All these different scenarios call for different amount of retirement corpus. So decide your post retirement lifestyle first and then act according to that decision.