India, April 28 -- Sandeep Jethwani, co-founder of wealth management firm Dezerv, has offered a sobering take on how much a person needs to retire comfortably in an Indian metropolitan. Appearing on The Money Mindset podcast with journalist Sonia Shenoy, Jethwani said a person needs Rs.40 crore to retire at 60 if their expenses range between Rs.1 to 2 lakh per month.

The topic of retirement corpus came up when Sonia Shenoy presented her own example as a "live case study".

"I am almost 40, and I have an expense of Rs.2 lakh a month, give or take," Shenoy said. "How much would I need to have in assets by the time I'm 60?"

" Rs.40 crore," Sandeep Jethwani answered. "This is ex of the house you live in, ex of the car that you drive," added...