Retirement Calculator
Plan your retirement fund with our calculator
Age Details
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Retirement Plan
Understanding Retirement Planning
Planning for retirement is one of the most crucial financial decisions you'll make. It's about creating a roadmap for your financial future that ensures comfort and security in your golden years.
How This Calculator Works
Enter your current age, planned retirement age, current monthly expenses, expected inflation rate, and expected return on investments. The calculator computes your inflation-adjusted expenses at retirement, total corpus needed, and the monthly SIP required to reach that corpus.
The Retirement Planning Gap in India
According to HSBC research, only 20% of working Indians have a formal retirement plan. The average Indian retiree has savings that last 5-7 years, while life expectancy continues to rise. Without systematic planning, many retirees face a significant shortfall in their later years.
Frequently Asked Questions
How much money do I need to retire in India?
A common rule of thumb is 25 times your annual expenses at retirement. If you spend ₹75,000 per month today and plan to retire in 20 years, your inflation-adjusted monthly expense will be approximately ₹2.4 Lakh (at 6% inflation), requiring a corpus of about ₹7.2 Crore.
What is the 4% withdrawal rule?
The 4% rule suggests you can withdraw 4% of your retirement corpus annually (adjusted for inflation) without running out of money over a 30-year retirement.
At what age should I start retirement planning?
Starting at age 25 versus 35 roughly halves the monthly SIP needed for the same retirement corpus, thanks to compounding.