New Delhi, May 11 -- Swarup Mohanty, 54, chief executive officer of Mirae Asset Mutual Fund, is "paranoid" about his retirement corpus.

"People are going to live longer. Most people plan for life till 80 post-retirement. If they start to live beyond that and there is no planning for that, it can start to really pinch. Besides this, if I have worked so hard during my working life, I should have a better life in my retirement. So, it is important for me to plan for a larger retirement kitty to take care of my inflation-adjusted lifestyle expenses," Mohanty said.

Mohanty says these factors have prompted him to target a higher retirement corpus. "I have crossed the minimum target on my retirement corpus. As these are the last years of my ac...