Retirement Calculator
What is a Retirement Calculator?
A Retirement Calculator is a financial planning tool that helps estimate the amount of money (retirement corpus) you’ll need when you stop working. It factors in your current expenses, years left until retirement, inflation, and expected investment returns to calculate how much you should start investing today — either via a Monthly SIP or a lump sum.
Whether you’re salaried, self-employed, or a business owner, planning for retirement is a non-negotiable step toward financial freedom. This tool gives you clarity on your future needs and helps you avoid being dependent post-retirement.
How to Use This Retirement Calculator:
Enter your Current Age and the Age you wish to retire (commonly 58–65 in India).
Fill in your current monthly expense — think groceries, rent, utility bills, etc.
Input the expected inflation rate (India’s long-term average is around 6%).
Add the expected return on investment (for equity funds, it ranges between 10%–12%).
Hit “Calculate” — and instantly see:
Future expenses adjusted for inflation
Total retirement corpus needed
Monthly SIP amount required to reach that goal
Why You Must Plan for Retirement in India
In the absence of universal pension systems, Indians often rely on their children or savings. But inflation eats into your savings fast — what costs ₹40,000/month today may cost ₹2,30,000/month after 30 years.
A smart retirement plan gives you:
Peace of mind — no dependency on family
Financial independence — enjoy your lifestyle even after 60
Tax efficiency — by investing in instruments like NPS, ELSS, PPF
Tip: Review your plan every year and increase your SIP with your salary growth.
All figures are shown in ₹ Crores for easier understanding.
Example Scenario:
Let’s say:
You are 30 years old
You want to retire at 60
Your current monthly expense is ₹40,000
Expected inflation is 6%
Expected return on investment is 10%
Your estimated Retirement Corpus will be around ₹4.6 Crores You’ll need to invest ₹13,500 per month via SIP to reach this amount in 30 years
Frequently Asked Questions
Q1: What is a good age to start planning for retirement?
A: The earlier, the better. Starting in your 20s or early 30s means smaller monthly contributions thanks to compounding.
Q2: Can this calculator help with NPS retirement planning?
A: Yes, it helps estimate the final amount you’ll need. You can then decide how much to contribute to NPS or mutual funds.
Q3: What return rate should I use?
A: If you invest in a diversified equity mutual fund for long term, use 10%–12%. Be conservative and use 8% if unsure.
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