Retirement Calculator – Plan Your Retirement Corpus
Plan your retirement by calculating how much corpus you'll need and whether your current savings and investments are on track to meet your retirement goals. This calculator helps you understand your retirement readiness.
Calculate Your Retirement Needs
Frequently Asked Questions
How much do I need to retire in India?
The retirement corpus needed depends on your current expenses, expected inflation, life expectancy, and desired lifestyle. A common rule of thumb is to accumulate 25-30 times your annual expenses. For example, if your annual expenses are ₹12 lakhs, you might need ₹3-3.6 crores. However, this varies based on individual circumstances and should be calculated considering inflation and expected returns.
How to use a retirement calculator?
Enter your current age, planned retirement age, current monthly expenses, expected inflation rate, expected returns, life expectancy, current savings, and monthly investments. The calculator will show you the required retirement corpus, projected corpus, and any shortfall or surplus. Use this to adjust your investment strategy and ensure you're on track for retirement.
Impact of inflation on retirement planning?
Inflation significantly impacts retirement planning because it erodes purchasing power over time. If inflation is 6% per year, something that costs ₹100 today will cost ₹179 in 10 years. This means you need a much larger retirement corpus than you might initially think. It's crucial to invest in assets that beat inflation, such as equity mutual funds, to ensure your retirement corpus maintains its purchasing power.