Retirement Calculator

A retirement calculator is a comprehensive financial tool that helps you estimate the total corpus required to maintain your current lifestyle after you stop working. Early planning is essential because it allows you to harness the power of compounding over a longer period, making it easier to build a substantial nest egg with relatively smaller monthly contributions.

Inflation is the most critical and often overlooked factor in retirement planning. It reduces the purchasing power of your money over time. For example, a monthly expense of ₹50,000 today could skyrocket to over ₹2.8 lakh in 30 years at 6% inflation. Our calculator automatically adjusts your current expenses to show you a realistic 'expense at retirement.'

The real rate of return is the actual growth of your investments after subtracting the inflation rate. If your portfolio earns 9% and inflation is 6%, your real return is only 3%. This calculator uses this real return to determine how sustainably your corpus can fund your post-retirement years without depleting too quickly.

The ideal SIP amount depends on your current age, your target retirement age, and your expected life expectancy. Typically, financial experts suggest saving 15-25% of your gross income for retirement. Our calculator provides a precise 'Required Monthly SIP' by calculating the shortfall between your target corpus and your projected existing savings.

To avoid 'longevity risk,' you must plan for a corpus that lasts at least until age 85 or 90. Our calculator helps you estimate the 'Corpus Needed' to sustain your inflation-indexed withdrawals through your entire retirement phase, considering a conservative post-retirement return from safe-haven investments like debt funds or senior citizen schemes.

Yes, you definitely should. Your existing savings in EPF, PPF, or existing mutual funds will continue to grow until you retire. By entering your 'Existing Corpus' in the calculator, you get a much more accurate view of your progress, often revealing that your required new monthly investment is lower than you initially feared.