Retirement Calculator
Retirement Planning Summary
Your retirement corpus and investment requirements
Investment Growth vs Retirement Goal
What is a Retirement Calculator?
A retirement calculator is a financial planning tool that helps you estimate how much money you'll need to save for retirement and how much you should invest monthly to achieve your retirement goals. It considers factors like current age, retirement age, expected expenses, inflation, and investment returns.
How can a retirement calculator help you?
- Determine the corpus needed for a comfortable retirement
- Plan your monthly investment requirements
- Understand the impact of inflation on retirement costs
- Make informed decisions about retirement age
- Plan for post-retirement expenses and healthcare
How do retirement calculators work?
Our retirement calculator uses the following approach:
Retirement Corpus = Monthly Expenses × 12 × (1 + Inflation)^Years × Retirement Years
Where:
• Years = Retirement Age - Current Age
• Retirement Years = Life Expectancy - Retirement Age
• Monthly Investment = Corpus × Monthly Rate / ((1 + Monthly Rate)^Total Months - 1)
Key factors in retirement planning:
- Current Age: Younger you start, more time for compounding
- Retirement Age: Earlier retirement needs larger corpus
- Monthly Expenses: Current lifestyle expenses adjusted for inflation
- Inflation Rate: Erodes purchasing power over time
- Investment Returns: Higher returns reduce monthly investment needs
- Life Expectancy: Longer life needs larger retirement corpus
Retirement planning tips:
- Start planning early to benefit from compound growth
- Consider healthcare costs and emergency funds
- Diversify investments across different asset classes
- Regularly review and adjust your retirement plan
- Consider tax-efficient retirement products like NPS and PPF