Target net savings of 35% of pay for a corpus of ₹5 crore by age of 60

To reach a retirement corpus of ₹5 crore by the age of 60, a 38-year-old should save 35% of their ₹16.2 lakh annual income. By investing 80% in equities and 20% in debt schemes with a 10% annualized return rate, this goal can be achieved.