What is Retirement Planning?
Retirement planning is the process of determining your retirement income goals and the actions necessary to achieve those goals. It includes estimating how much money you'll need, factoring in inflation, expected life span, current savings, and potential investment returns.
How Retirement Calculator Works
Our retirement calculator considers your current age, expected retirement age, monthly expenses, inflation, current savings, and expected return rate to calculate how much you'll need at retirement and how much you need to invest now to reach that goal.
Why Use a Retirement Calculator?
- Helps estimate required retirement corpus based on lifestyle
- Accounts for inflation and return rate to provide a realistic target
- Assists in evaluating whether your current savings and investment plan are sufficient
- Helps you start early and invest consistently toward your retirement goals
How to Use the Retirement Calculator
Input your current age, expected retirement age, monthly expenses, inflation rate, expected return rate, and any existing savings. The calculator will show you:
- Total corpus required at retirement
- How much you need to invest monthly to reach that goal
- Breakdown of investment growth over time
Frequently Asked Questions (FAQs)
How much money do I need to retire in India?
It depends on your lifestyle, retirement age, inflation, and expected lifespan. Use the calculator to get a personalized estimate.
Does the retirement calculator consider inflation?
Yes, the calculator adjusts your future expense needs based on the inflation rate you enter.
What if I already have some retirement savings?
You can include your existing savings. The calculator will subtract it from the total corpus needed to give you a new investment goal.
How accurate is this retirement calculator?
It's a good estimation tool, but real-life variables can differ. You should revisit your plan periodically.