Retirement corpus refers to the total amount of money or savings that an individual has accumulated by the time they retire to support their lifestyle and expenses after retirement. This corpus is crucial for ensuring that the individual has a financially secure and comfortable life after they stop earning a regular income.
The size of the retirement corpus would depend on various factors, including the individual's lifestyle choices, healthcare needs, inflation rates, and expected after retirement expenses, among others. It's advisable to plan and start building the retirement corpus well in advance to meet the financial goals set for the retirement years.