What is the recommended retirement corpus?

Financial planners often suggest having 10-15 times your annual income saved by retirement. Our calculator uses a more detailed approach by factoring in your specific expenses and inflation expectations.

How accurate are the expected returns?

Expected returns are assumptions based on historical performance. Actual returns may vary significantly due to market volatility, economic conditions, and other factors. It's advisable to use conservative estimates.

Should I include my house in retirement planning?

Yes, you can include the value of your house in the 'Other Investments' section. However, remember that you'll still have maintenance costs and property taxes even after retirement.

How often should I review my retirement plan?

It's recommended to review your retirement plan annually or whenever there are significant changes in your income, expenses, or investment portfolio. Major life events like marriage, childbirth, or job changes also warrant a review.

What if there's a shortfall in my retirement corpus?

If there's a shortfall, you can either increase your monthly contributions, delay your retirement age, reduce your expected expenses, or look for investment options with potentially higher returns (though they may carry higher risk).

Finance

Retirement Planner

Plan your retirement by estimating the corpus needed and calculating monthly savings required from various investment options.

Recommended Retirement Corpus

₹6,89,21,894

For 25 years of retirement

Projected

₹0

Shortfall

₹6,89,21,894

Personal Information

Current Age

yrs

Retirement Age

yrs

Life Expectancy

yrs

Inflation Rate

Current Monthly Expenses

₹

₹ 0₹ 5,00,000

Investment Details

EPF (Monthly)~8.5% avg

Contribution

₹

Return

PPF (Yearly)Max ₹1.5L/yr

Investment

₹

Return

NPS (Monthly)Tax benefit

Contribution

₹

Return

Mutual Fund SIP (Monthly)~12% avg

Amount

₹

Return

FD (Monthly)~6% avg

Amount

₹

Return

Other Investments (One-time)

Existing savings, real estate, gold, etc.

Total Value

₹

Future Monthly Expenses

₹2,29,740

At retirement age

Projected Corpus

₹0

Total at retirement

Monthly Pension

₹0

Estimated

Years to Save

Years until retirement

Projected Investment Distribution

EPF₹0

PPF₹0

NPS₹0

Mutual Funds₹0

FDs₹0

Others₹0

Note: This is an estimate. Actual returns may vary based on market conditions. Consult a financial advisor for personalized advice.

What is Retirement Planner?

A retirement planner helps you estimate how much money you'll need for a comfortable retirement and how much you should save regularly to achieve that goal. It factors in inflation, expected returns on investments, and your current financial situation to project your retirement corpus.

Formula

The retirement planning calculation involves several components:

Future Expenses = Current Expenses × (1 + Inflation Rate) ^ Years Until Retirement
          
Recommended Corpus = Future Monthly Expenses × 12 × Retirement Period

Each investment is projected using its respective formula:
- EPF: Monthly contributions with compound interest
- PPF: Annual contributions with compound interest
- NPS/SIP: Monthly contributions with compound interest
- FD: Monthly contributions with compound interest

How to use this calculator

Start by entering your personal information including current age, planned retirement age, and current monthly expenses. Then, input your expected inflation rate. Next, enter your monthly or annual contributions to various investment schemes like EPF, PPF, NPS, Mutual Funds, and FDs along with their expected returns. The calculator will project your total retirement corpus and compare it with the recommended amount.

Frequently asked questions

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