Retirement Calculator
Plan your retirement corpus
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About Retirement Calculator
Retirement planning ensures financial independence in your golden years. This calculator helps you determine how much you need to save monthly to build sufficient retirement corpus considering inflation, current savings, and life expectancy.
How to Plan Retirement?
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1
Calculate current monthly expenses and estimate post-retirement needs
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2
Account for inflation - expenses will be higher at retirement
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Calculate years to retirement and years after retirement till life expectancy
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Estimate expected returns on investments (typically 10-12% for equity)
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Calculate required corpus and shortfall (if any)
Example:
If you're 30 years old, want to retire at 60 with current expenses ₹50,000/month, and save ₹10,000/month at 12% return with 6% inflation, you'll build ₹3.1 crores by retirement. With life expectancy 85 years, you may need ₹2.87 crores - you're on track!
Key Benefits
Financial Freedom: Live retirement without depending on children
Inflation Protection: Account for rising costs in future
Goal-Based Planning: Know exactly how much to save monthly
Course Correction: Identify shortfall early and increase savings
Peace of Mind: Retire with confidence knowing you have enough
Multiple Income Streams: Plan for pension, EPF, NPS, investments
Frequently Asked Questions
How much corpus do I need for retirement?
A common rule is to have 25-30 times your annual expenses at retirement. For ₹50,000 monthly expenses (₹6L yearly), you need ₹1.5-1.8 crores corpus. However, this varies based on inflation, returns expectation, and lifestyle.
When should I start retirement planning?
Start as early as possible, ideally in your 20s or early 30s. Starting early requires lower monthly savings due to power of compounding. Starting at 25 vs 35 makes a huge difference in final corpus despite same total contribution.
What is a good retirement age in India?
Most private sector employees retire at 58-60 years, government employees at 60. However, you can choose to retire earlier (40s or 50s) if you have sufficient corpus - known as FIRE (Financial Independence, Retire Early). Choose based on your corpus and lifestyle needs.
What investments are best for retirement?
Mix of instruments: EPF/PPF for stability, Equity mutual funds (SIP) for growth, NPS for tax benefits and pension, Real estate for inflation hedge. In younger years, invest more in equity (70-80%). Near retirement, shift to debt (60-70%) for safety.