Retiring in India

I just got back from my trip to India and I have been considering what retirement would be like in India..

Am assuming you need about $1000(or Rs 45,000 : 1 USD = 45 INR) per month to live a comfortable life, not luxurious but just comfy..

However, I want to up the ante and say I would need about Rs 2 lakhs(Rs 2,000,00) per month.

Lets do the math...



State Bank of India has the following rates on their website:
4% would be the Savings Account rate.
8% would be the Fixed Deposit rate(Certificate of Deposit) for 1 year..

To achieve my goal of Rs 2 lakhs per month, I need to have saved atleast 650k in cash..tall order indeed!!!