Think of life as divided into three parts:

The First 30 Years: This is when we're young and getting ready for the future. We focus on education, early jobs and figuring out career options.

The Next 30 Years: This part, from about age 30 to 60, is when work hard in our careers, maybe start families, accumulate funds for sustenance in this phase and also invest to stay prepared for the next 30 years.

The Last 30 Years: This is when we are 60 and beyond. We have hopefully retired from work and now enjoying the rewards of our earlier efforts and doing things we love.

Each phase builds on the one before it, so it's important to make good choices early on so that we have a happy and fulfilling retired life.

Inflation refers to the increase in prices of goods and services over time. Over the years, the cost of living tends to rise due to inflation. This means that the same amount of money will buy fewer goods and services in the future than it does today. As a result, retirees need to ensure that their retirement savings and income can keep up with inflation to maintain their lifestyle.
While the overall inflation is 6%, some daily products like medicines, food and groceries, transport continue to be more and more expensive by the year at higher rates. The future rate of inflation is projected to be even higher.

As people age, healthcare expenses often increase. Do consider health problems or having to care for a spouse or other family members. Retirees need to factor in healthcare costs to better manage their finances in retirement.

Its important to maintain the lifestyle you've worked hard to achieve. With careful planning and consistent investing, you can enjoy a fulfilling retirement without compromise, embracing the freedom to live life on your terms. It underscores the importance of careful retirement planning and ensuring that financial resources are sufficient to support the desired lifestyle throughout retirement.

Spending a few extra years on the job may give you more time to grow your corpus. Do consider health problems or downsizing or layoffs or having to care for a spouse or other family member. Avoid having to scale back your standard of living. Working part-time can be a good way to generate some cash in retirement. But the base point is you should make a point of saving and planning early in your career, so that taking a job in retirement is something you do because you want to, not because you have no other choice.