Value Research CEO's '350x Rule' for Retirement Readiness

Imagine you want to stop working one day and live off your savings.

To know if you have enough money, a finance expert named Dhirendra Kumar suggests a simple trick.

He calls it the '350x rule.'

First, figure out how much money you need each month to live comfortably.

Then, multiply that monthly amount by 350.

This big number is roughly how much money you should have saved in total for retirement.

This money should be invested wisely, with some in stocks, so it can grow and keep up with rising prices like groceries and bills.

It's also important to have health insurance for doctor visits and enough money saved to cover unexpected costs.

This rule is a general guide, and your personal situation might mean you need more or less.