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Retirement Goal Calculator

Current Monthly Expenditure :
Current Age :
Expected Retirement Age :
Average Inflation:
Expected Return from Investment %

Monthly Expenditure At Retirement

Required Retirement Corpus

Monthly SIP Amount  Required:

What is a Retirement Calculator?

A retirement calculator is a tool that helps you estimate how much money you need to save for your retirement. It takes into account various factors such as your current age, retirement age, life expectancy, current savings, monthly expenses, and expected inflation. By inputting these details, you can get a clear picture of how much you need to save regularly to ensure you have a sufficient corpus when you retire.

Why Should Investors Use a Retirement Calculator?

India's financial landscape is unique, with varying inflation rates, diverse investment options, and different lifestyle expectations. A retirement calculator designed for Indian investors considers these factors, helping you plan more accurately.

Here are some reasons why you should use a retirement calculator:

  1. Clear Goals: It helps you set a clear retirement savings goal.

  2. Regular Savings: Encourages disciplined savings by showing how much you need to save each month.

  3. Inflation Impact: Takes into account the impact of inflation on your savings.

  4. Investment Insights: Provides insights into different investment options like mutual funds, PPF, EPF, and fixed deposits

How to Use a Retirement Calculator

Using a retirement calculator is simple. Here’s a step-by-step guide:

  1. Enter Your Current Age: This helps the calculator understand how many years you have left until retirement.

  2. Enter Your Retirement Age: Decide when you plan to retire. This can be 60, 65, or any age you wish.

  3. Estimate Your Monthly Expenses: Consider your current lifestyle and how much you spend each month. Don't forget to factor in medical expenses and other post-retirement costs.

  4. Expected Inflation Rate: Inflation erodes the value of money over time. A typical rate in India might be around 4-7%.

  5. Expected Rate of Return: Depending on your investment choices, enter the expected annual return rate. Equity mutual funds might offer 12-15%, while fixed deposits might offer around 6-7%.

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