New Delhi, May 6 -- Budgeting for expenses, savings and investment: I asked ChatGPT to create a monthly budget that ensures retirement by 55, with enough savings to support myself and my parents, buy a home, and build a good retirement corpus with Rs.12 lakh annual salary.

I am 30 and earn an annual salary of Rs.12 lakh and want to invest as per the 50-30-20 rule. Please help plan a monthly budget that accounts for Rs.91,000 monthly income divided for rent ( Rs.33,000 in Mumbai), groceries and utilities, transportation, leisure (movies and restaurants on weekends), and investment for home purchase, emergency fund, health fund, retirement corpus. My annual bonus is Rs.1 lakh. I have parents in their 70s to support and I want to retire by ...