Retirement Calculator
Plan your retirement corpus and monthly savings needed to retire comfortably.
Your Details
Retirement Summary
Corpus Growth Projection
| Year | Age | Investment | Returns | Corpus |
|---|---|---|---|---|
| Year 1 | 31 | ₹3.39 L | ₹80,367 | ₹9.20 L |
| Year 2 | 32 | ₹3.39 L | ₹1.31 L | ₹13.90 L |
| Year 3 | 33 | ₹3.39 L | ₹1.87 L | ₹19.17 L |
| Year 4 | 34 | ₹3.39 L | ₹2.50 L | ₹25.06 L |
| Year 5 | 35 | ₹3.39 L | ₹3.21 L | ₹31.67 L |
| Year 6 | 36 | ₹3.39 L | ₹4.00 L | ₹39.07 L |
| Year 7 | 37 | ₹3.39 L | ₹4.89 L | ₹47.35 L |
| Year 8 | 38 | ₹3.39 L | ₹5.89 L | ₹56.64 L |
| Year 9 | 39 | ₹3.39 L | ₹7.00 L | ₹67.03 L |
| Year 10 | 40 | ₹3.39 L | ₹8.25 L | ₹78.67 L |
| Year 11 | 41 | ₹3.39 L | ₹9.64 L | ₹91.71 L |
| Year 12 | 42 | ₹3.39 L | ₹11.21 L | ₹1.06 Cr |
| Year 13 | 43 | ₹3.39 L | ₹12.96 L | ₹1.23 Cr |
| Year 14 | 44 | ₹3.39 L | ₹14.92 L | ₹1.41 Cr |
| Year 15 | 45 | ₹3.39 L | ₹17.12 L | ₹1.62 Cr |
Frequently Asked Questions
How much corpus do I need for retirement?
A common rule is to have 25-30 times your annual expenses as retirement corpus. For example, if you need ₹50,000/month (₹6 Lakh/year), you need approximately ₹1.5-1.8 Crore. However, this varies based on expected returns, inflation, and retirement duration.
What is the 4% withdrawal rule for retirement?
The 4% rule suggests you can safely withdraw 4% of your retirement corpus annually without depleting it over 30 years. So with ₹1 Crore corpus, you can withdraw ₹4 Lakh/year (₹33,333/month). This rule assumes a balanced portfolio of stocks and bonds.
At what age should I start saving for retirement?
Start as early as possible! Due to compounding, starting at 25 vs 35 can double your retirement corpus. Even small amounts of ₹5,000-10,000/month invested early can grow to crores by retirement. The power of compounding works best over long periods.
How does inflation affect retirement planning?
Inflation erodes purchasing power over time. At 6% inflation, your expenses double every 12 years. So ₹50,000/month today becomes ₹1 Lakh after 12 years and ₹2 Lakh after 24 years. Always plan for inflation-adjusted expenses, not current expenses.
What should be my asset allocation for retirement?
A common rule is '100 minus your age' = equity percentage. At 30, have 70% in equity, 30% in debt. As you approach retirement, shift to more conservative allocation (40% equity, 60% debt). Post-retirement, maintain 20-30% equity to beat inflation.
Should I include EPF and pension in retirement calculation?
Yes, include all retirement sources: EPF/PPF corpus, NPS pension, rental income, other investments. Your EPF grows at 8.25% and provides a lump sum at retirement. NPS provides annuity + lump sum. Calculate the gap between total corpus and required corpus.
What is the difference between pre and post retirement returns?
Pre-retirement: You can take more risk with equity-heavy portfolio (10-14% returns expected). Post-retirement: Focus on stability and income with debt-heavy portfolio (6-8% returns). The shift protects your corpus when you can't recover from market crashes.
How to plan for healthcare expenses in retirement?
Healthcare costs increase with age. Maintain health insurance (₹10-20 Lakh cover). Keep 3-6 months expenses in emergency fund. Budget 10-15% of retirement corpus for healthcare. Consider senior citizen-specific health plans. Critical illness coverage is important.
What are the best retirement investment options in India?
NPS: Tax benefits + market returns. PPF: Safe, tax-free, 7.1%. EPF: Employer match + 8.25%. SCSS: 8.2% for seniors. Equity MFs: Higher long-term returns. FDs: Stable but taxable. Diversify across these based on risk profile and tax bracket.
Should I pay off home loan before retirement?
Ideally yes, be debt-free by retirement. EMI payments from retirement corpus strain finances. However, if loan rate is low (under 8%) and you can get higher returns (10%+) on investments, prepaying may not be optimal. Consider tax benefits too.
How to calculate retirement expenses?
Current monthly expenses x inflation factor for years to retirement. Example: ₹50,000 x (1.06)^25 = ₹2.14 Lakh/month at retirement (at 6% inflation). Add healthcare buffer. Subtract expected pension/rental income to get the amount corpus needs to support.
What is FIRE (Financial Independence Retire Early)?
FIRE is a movement aiming for early retirement (40s-50s) by saving 50-70% of income. Lean FIRE: Frugal lifestyle, ₹2-3 Cr corpus. Fat FIRE: Comfortable lifestyle, ₹5-10 Cr corpus. Key: High savings rate, low expenses, smart investments.