Plan your retirement with our comprehensive retirement calculator
| Component | Amount |
|---|---|
| Future Value of Current Savings | ₹0 |
| Future Value of Contributions | ₹0 |
| Total Retirement Corpus | ₹0 |
| Gap / Surplus | ₹0 |
| Year | Withdrawal | Corpus Balance |
|---|
Retirement planning ensures you maintain your desired lifestyle and have financial security in your golden years.
Proper planning helps your savings outpace inflation, preserving your purchasing power over time.
Retirement planning helps you prepare for increasing healthcare costs as you age.
Knowing you're financially prepared for retirement reduces stress and allows you to enjoy life.
The retirement corpus is the total amount you need to save by retirement to support your post-retirement lifestyle. It's calculated based on your expected expenses, accounting for inflation, and should last your entire retirement period.
- Inflation: Reduces purchasing power over time, so your corpus must account for it
- Investment Returns: Higher returns can grow your savings faster but often come with higher risk
- Life Expectancy: Planning for a longer life ensures you don't outlive your savings
- Healthcare Costs: Typically increase with age and should be factored into expenses
- Taxation: Different retirement vehicles have different tax implications
- Current Age: Younger starters benefit more from compounding
- Retirement Age: Earlier retirement requires a larger corpus
- Savings Rate: Higher regular contributions significantly impact final corpus
- Investment Returns: Affects how quickly your savings grow
- Inflation: Determines future value of money and required corpus
- Life Expectancy: Longer life requires more savings
The amount needed for retirement depends on your desired lifestyle, expected expenses, inflation, life expectancy, and other income sources. A common rule of thumb is to aim for 25-30 times your annual expenses, but our calculator provides a personalized estimate.
The earlier you start, the better. Starting in your 20s or 30s allows compound interest to work in your favor. However, it's never too late to start planning for retirement.
Inflation erodes purchasing power over time. ₹50,000 today will not have the same value in 20 years. Retirement planning must account for inflation to ensure your savings will cover future expenses.
The 4% rule suggests that you can withdraw 4% of your retirement savings annually without running out of money for 30 years. This is a general guideline and should be adjusted based on your specific circumstances.
If there's a gap between your projected savings and required corpus, consider: increasing your savings rate, working a few more years, reducing expected retirement expenses, or adjusting your investment strategy for potentially higher returns.
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