Retirement Planning Calculator
Plan your retirement with our free calculator. Find out how much corpus you need and monthly SIP required to retire comfortably.
How to Use
Enter age details â Set expenses â Enter return/inflation â View corpus needed
FAQ
What is a retirement corpus?
A retirement corpus is the total amount of money you need to have saved up by the time you retire. This fund should be large enough to replace your regular income and cover your living expenses for the rest of your life.
How much should I save for retirement?
The amount depends on your current lifestyle, expected expenses, inflation rate, and retirement age. A common rule of thumb is to aim for a corpus that is 25-30 times your annual expenses at the time of retirement.
What is the 4% withdrawal rule?
The 4% rule suggests that you can safely withdraw 4% of your retirement portfolio in the first year of retirement, and then adjust that amount for inflation each subsequent year, without running out of money for at least 30 years.
How does inflation impact retirement?
Inflation decreases the purchasing power of your money over time. If your retirement savings do not grow faster than the inflation rate, you won't be able to afford the same standard of living in the future. It's the biggest silent risk to retirement planning.
NPS vs Mutual Funds for retirement?
NPS (National Pension System) offers additional tax benefits and forces discipline with a lock-in until age 60, but restricts your withdrawal options. Equity Mutual Funds offer high liquidity and potentially higher returns, but require self-discipline to stay invested.
When should I start planning for retirement?
The best time to start planning for retirement is as soon as you start earning. The earlier you begin, the more time your investments have to grow through the power of compounding, significantly reducing the monthly amount you need to save.
What is the ideal retirement age in India?
While the standard retirement age for salaried individuals in India is around 58 to 60 years, the 'ideal' age depends purely on your financial independence. If you build a sufficient corpus early, you can choose to retire at 45 or 50.
How can I increase my retirement corpus?
You can increase your corpus by starting early, increasing your investment amount every year in line with salary hikes (Step-up SIP), choosing growth-oriented assets like equities for the long term, and avoiding premature withdrawals from retirement funds.