Retirement Planner
Plan your financial future with regular monthly contributions
Calculate how much you need to save for retirement and ensure financial independence in your golden years.
Plan Retirement
💡 Tip: Start early and contribute consistently to maximize the power of compound growth for your retirement.
Retirement Planning Guide
Why Plan for Retirement?
- Ensure financial independence in your golden years
- Maintain your lifestyle without work income
- Cover healthcare and unexpected expenses
Planning Tips
- Start saving as early as possible
- Contribute regularly to retirement accounts
- Review and adjust your plan annually
Your annual expenses covered by retirement corpus (4% rule)
Recommended % of income to save annually
Common retirement age range
How It Works
This calculator uses the future value of annuity formula for monthly contributions:
FV = PMT × [((1 + r)^n - 1) / r] × (1 + r) - • FV = Future Value (retirement corpus)
- • PMT = Monthly payment (contribution)
- • r = Monthly interest rate
- • n = Total number of months
Why Our Retirement Planner Stands Out
Comprehensive Planning
Calculate retirement corpus considering inflation, current expenses, life expectancy, and investment returns for a complete financial picture of your golden years.
Goal-Based Approach
See exactly how much you need to save monthly to reach your target retirement corpus, factoring in your age, retirement age, and expected lifestyle expenses.
India-Specific Planning
Tailored for Indian retirees with considerations for NPS, EPF, PPF maturity, and realistic expense patterns in Indian context for accurate retirement planning.
How to Use the Retirement Planner
Enter Current Age and Retirement Age
Input your current age and planned retirement age (typically 60-65 years). The longer you have to save, the more time compound interest works in your favor.
Set Monthly Expenses and Inflation
Enter your expected monthly expenses in retirement and inflation rate (typically 6-7% in India). The calculator will project future expenses at retirement.
Choose Life Expectancy and Returns
Select expected life expectancy (75-85 years) and expected investment returns during retirement (7-9% for balanced portfolio). This determines your corpus requirement.
Review Required Corpus and Savings
See your total retirement corpus needed and monthly savings required to achieve it. Adjust your contributions or timeline to meet your retirement goals comfortably.
Frequently Asked Questions
How much corpus do I need for retirement?
A common rule of thumb is 25-30 times your annual expenses (the 4% rule). For example, if you need ₹50,000 per month (₹6 lakh yearly), you should aim for a corpus of ₹1.5-1.8 crore. Consider inflation, healthcare costs, and life expectancy when calculating.
At what age should I start retirement planning?
The earlier, the better! Starting in your 20s or 30s gives you 30-40 years for compounding to work. Even if you're in your 40s or 50s, it's never too late. The key is to start now and be consistent with your contributions.
What are the best retirement investment options in India?
A diversified approach works best: NPS (for tax benefits), PPF (safe, guaranteed returns), EPF (mandatory savings), equity mutual funds via SIP (long-term growth), and some real estate. Balance between equity (higher returns, higher risk) and debt (stability, lower returns) based on age.
How should I adjust my portfolio as I near retirement?
Follow the "100 minus age" rule: subtract your age from 100 to get equity allocation percentage. At 30, keep 70% in equity. At 55, reduce to 45% equity and increase debt/fixed income. This reduces volatility risk as you approach retirement.
Should I consider healthcare costs in retirement planning?
Absolutely! Healthcare inflation is typically 10-15%, higher than general inflation. Allocate 15-20% of your retirement corpus for medical expenses. Consider health insurance with adequate coverage and a dedicated medical emergency fund of ₹5-10 lakhs.
What if I haven't saved enough and I'm close to retirement?
Don't panic! Consider: extending your working years by 2-5 years, reducing expected lifestyle expenses, generating passive income through rental property or part-time work, optimizing existing investments, and maximizing NPS contributions for tax benefits and higher returns.