New Delhi, Oct. 10 -- Retiring early is an ever-growing dream for a number of young professionals in India and around the world, as the 'Financial Independence, Retire Early' or FIRE method has evolved from a niche movement to more mainstream mass appeal.

The recent Bharosa Talks: India Retirement Index Study 6.0 (IRIS 6.0) report noted that as many as 7 in 10 urban Indians said they would exit the workforce early if money were no concern. However, only 11% of those surveyed were confident their retirement savings would actually last them a lifetime.

A movement among millennial, Gen Z, and younger workforce, FIRE is a financial movement that calls for reducing expenditure in order to enable extreme savings (up to 75% of income) and inve...