In a recent post on X, Chartered Accountant Nitin Kaushik cautioned millennials and Gen Z about the financial realities of retirement. Unlike previous generations, many young professionals today lack pensions and guaranteed financial safety nets. Kaushik highlighted that older generations enjoyed stable jobs with benefits, while modern careers often involve job changes and reduced job security. With increasing life expectancy, he pointed out that individuals retiring at 60 may need to fund 25 to 30 years of living expenses. He estimated that maintaining a comfortable lifestyle today costing ₹75,000 per month could escalate to over ₹3 lakh due to inflation in 25 years. To achieve a retirement corpus of approximately ₹6 crore, Kaushik emphasized the importance of early investment. He illustrated the significant impact of compounding, noting that starting to invest ₹10,000 monthly at age 30 could yield nearly ₹3.5 crore by age 60, while starting at age 40 would result in less than ₹1 crore. Kaushik urged young earners to take action now, as waiting for the “perfect time” could have severe financial repercussions.