Divide the timeline into phases with smaller email list intervals (for example, 5 years), and re-evaluate the plans for those intervals. In the context of retirement planning, the goal is to build a corpus of assets by the time of retirement. This will generate enough cash inflow to cover all costs during the retirement stage of life. Let me give you an example to better understand – a fictitious case of a. Kumar. To be able to estimate his retirement corpus requirements, you need the following information:current annual expenses (assuming he wants to maintain the same lifestyle after retirement), for example £ 300,000life after retirement, say 20 years the number of years from now until retirement, for example 20 years average inflation rate over life, eg 7%additional multipliers for costs that may be required for medical care and travel, such as 20%annual income of retirement email list fund, for example 10%current savings of the retirement fund, for example zeroall withdrawals and contributions from the retirement fund are expected to be made at the beginning of the year (for simplicity). Based on the above assumptions, the required annual contribution to the retirement fund is expected to increase at the same rate as inflation each year and is calculated as described below. Equivalent annual cost of retirement considering the email list effects of inflation = £ 300,000 * (1 + 7%) ^ 20 = £ 1,160,905using a 20% multiplier for medical / travel expenses, annual retirement costs = £ 1,160,905 * 1.2 = £ 1,393,086using this as the basic and lasting effect of inflation, the annual cost for the year after retirement can be calculated as follows (see the cost column):table 1: expense forecast year after retirement expected annual expenses amount of retirement fund required to cover costs(early