Retirement Calculator
Plan your finances for a secure and comfortable retirement.
Your Details
Retirement Plan
You need a retirement corpus of
₹0
To achieve this, you need to invest
₹0 per month
Your monthly expenses at retirement will be approx.
₹0
How Retirement Planning Works
Retirement planning involves estimating how much money you'll need to live comfortably after you stop working and creating a plan to accumulate that amount. This calculator helps you with the two most important questions: What should my target corpus be, and how much should I invest monthly (SIP) to reach it?
The Calculation Steps
- Future Expenses: First, we calculate the future value of your current monthly expenses, accounting for inflation over the years until you retire. This gives a realistic picture of your needs.
- Retirement Corpus: Next, we estimate the total lump sum (corpus) you'll need at retirement. This is done by calculating the present value of all your future expenses throughout your retired years, adjusting for post-retirement returns and inflation.
- Required SIP: Finally, we calculate the required monthly SIP using the future value of an annuity formula to determine how much you need to invest each month to reach your target corpus by your retirement age.
Start Early, Invest Regularly
The single most important factor in retirement planning is starting early. The longer your investment horizon, the more time the power of compounding has to work its magic, allowing you to reach your goals with a smaller monthly investment.