New Delhi, Sept. 18 -- Seven in 10 urban Indians aspire to retire before the traditional retirement age of 58-60 if their financial needs are taken care of, while half want to achieve financial independence and retire early (FIRE) before turning 50, according to Axis Max Life Insurance's Bharosa Talks India Retirement Index Study (IRIS) 6.0.

However, this aspiration appears to weaken as retirement approaches, with 82% of Gen X respondents (aged 45 and above) saying they may never be able to retire from work or business because they would need a steady regular income.

Another 91% of those aged 45 and above regret not starting their retirement investments earlier. The study found that urban Indians have accumulated only 28% of their targe...