Retirement Calculator

Plan your retirement corpus and monthly savings needed to retire comfortably.

Your Details

Current Age30 years

Retirement Age60 years

Life Expectancy85 years

Monthly Expenses (Today)₹75,000

Current Savings₹5.00 L

Pre-Retirement Return

12%

Inflation Rate

Post-Retirement Return

Retirement Summary

Corpus Needed₹11.38 Cr

Years to Retirement

30 years

Retirement Duration

25 years

Expenses at Retirement

₹4.31 L/mo

Future Value of Savings

₹1.50 Cr

Monthly Investment Needed

₹28,287

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

What is Retirement Calculator, and How Does it Help You

Planning for retirement is one of the most critical financial tasks of your life. As living costs rise due to inflation, the monthly budget required to maintain your lifestyle post-retirement will be much higher. To ensure you don't run out of money in your golden years, calculating a target retirement corpus and saving monthly is essential.

The Retirement Calculator estimates the target retirement corpus you need to sustain your post-retirement life. It factors in inflation, expected returns, and life expectancy to calculate your monthly savings target.

Inflation-Adjusted Projections

Adjusts your current monthly expenses by the inflation rate to find your actual future living costs.

Retirement Corpus Solver

Calculates the total wealth corpus needed to support your expenses during retirement.

Monthly Savings Target

Estimates the exact monthly investment needed today to reach your target retirement corpus.

How Does the Retirement Calculator Work?

The calculator projects current expenses to retirement age using inflation, then uses the annuity discount model to solve for the target retirement corpus.

Future Expense = Current Expense * (1 + inflation)^(years to retire)

Current Expense: Your current monthly living cost in today's terms

Inflation: Expected annual inflation rate (usually 6% to 7%)

Retirement Age: The age at which you plan to stop working (usually 58 or 60)

Life Expectancy: The age up to which you want to plan your expenses (usually 80 to 90)

If you are 30 years old, plan to retire at 60, have current monthly expenses of ₹40,000, and expect 6% inflation. Your monthly expenses at retirement will be ₹2,29,740. To sustain this for 20 years post-retirement with an 8% return, you need a corpus of ₹3.25 Crore, requiring a monthly savings of ₹14,280 starting today.

How to Use Retirement Calculator

Using the Retirement Calculator is extremely simple and takes just a few seconds. Follow these steps:

Enter Age & Retirement Age

Input your current age and the age at which you plan to retire.

Specify Monthly Expenses

Enter your current monthly living expenses in today's terms.

Set Return Expectations

Input expected pre-retirement and post-retirement annual investment return rates.

Advantages of Using Retirement Calculator

✓ Secure Retirement Life

Create a robust financial safety net to maintain your standard of living without working.

✓ Prevent Longevity Risk

Calculate the correct corpus size so you don't outlive your accumulated wealth.

✓ Determine Monthly Savings

Know the exact SIP amount you need to start today to reach your retirement target.

✓ Inflation Guard

Factor in the rising costs of healthcare and daily living to avoid underestimating retirement costs.

Frequently Asked Questions

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.