Retirement Calculator

Planning for Retirement

Retirement (or financial freedom) planning is the process of determining retirement income goals and the actions and decisions necessary to achieve those goals. It includes identifying sources of income, estimating expenses, implementing a savings program, and managing assets.

Why You Need a Retirement Corpus

• Rising Life Expectancy: People are living longer, meaning you need to fund more years of retirement.
• Inflation: The cost of living rises over time. What costs ₹50,000 today might cost significantly more in 20-30 years.
• Lack of Pension: Most private sector jobs do not offer a pension, making self-funding essential.
• Medical Expenses: Healthcare costs typically increase as you age.

How to Use this Calculator

1. Current Age: Your age today.
2. Retirement Age: The age at which you plan to retire.
3. Monthly Expenses Today: Your current monthly living expenses.
4. Expected Inflation: The rate at which you expect costs to rise (typically 6-7% in India).

The calculator will estimate the total corpus required at retirement and the monthly investment (SIP) needed to achieve that goal.