Inflation Calculator: Your annual expenditure is Rs 10 lakh now; know how much money you need after 10, 20, and 30 years

So, if Rs 10 lakh seems enough to maintain your desired lifestyle today, in 20, 25 or 30 years you will need even more to achieve the same standard of living. But how much more?

When planning for retirement, it’s crucial to account for this factor and make financial decisions accordingly. Here, we calculate how much money you would need in the future to maintain the equivalent of a Rs 10 lakh lifestyle today, using an Inflation Calculator. 

This will give you a clearer idea of the amount you'll need 20-30 years from now, helping you to plan your retirement more effectively.

With inflation rising at an annual rate of 6 per cent, the value of Rs 10 lakh will decrease significantly over the next 20-30 years. 

Assuming an inflation rate of 6 per cent, if Rs 10 lakh is sufficient for a comfortable life today, then 20 years from today you will need Rs 32.07 lakh to live a better life.
- After 20 years: Rs 32.07 lakh

Assuming an inflation rate of 6 per cent, if Rs 10 lakh is sufficient for a comfortable life today, then 25 years from today you will need Rs 42.92 lakh to live a better life.
- After 25 years: Rs 42.92 lakh

Assuming an inflation rate of 6 per cent, if Rs 10 lakh is sufficient for a comfortable life today, then 30 years from today you will need Rs 57.43 lakh to live a better life.
- After 30 years: Rs 57.43 lakh

These calculations clearly show that the value of Rs 10 lakh will diminish considerably over the next 20 to 30 years. 

Make sure to save and invest wisely so that by the time you retire, you have accumulated enough funds to continue living a comfortable life.