Retirement Calculator
Plan your retirement with precision. Calculate how much you need to save, project your retirement corpus, and determine if you’re on track for financial independence.
Retirement Planning Results
Retirement Summary:
Retirement Goal
Projected Savings
Savings Gap
Additional Analysis:
About Retirement Planning
Retirement planning is the process of determining retirement income goals and making financial decisions to achieve those goals. Start early to harness the power of compound growth.
Why Plan Early
Starting retirement planning early gives you the advantage of time and compound interest. Even small amounts saved consistently can grow into substantial retirement corpus over decades.
Calculator Features
Calculate retirement goals, determine required savings, assess retirement readiness, plan income replacement, and factor in inflation, salary growth, and investment returns.
Financial Freedom
Achieve financial independence by systematically building your retirement corpus. Use our calculator to stay on track and make informed decisions about your financial future.
Set Your Parameters
Enter your current age, retirement age, income, existing savings, and monthly savings capacity. Choose calculation type based on your planning needs.
Configure Assumptions
Set expected investment returns, inflation rate, salary growth, and retirement duration. Adjust these based on your risk tolerance and market outlook.
Analyze & Adjust
Review your retirement readiness score, savings gap, and income replacement ratio. Use insights to adjust your savings strategy for better outcomes.
Frequently Asked Questions – Retirement Calculator
Financial experts typically recommend saving 10-15% of your income for retirement. However, the exact amount depends on your retirement goals, expected lifestyle, current age, and existing savings. Starting early allows you to save less per month due to compound growth.
The 80% rule suggests you’ll need about 80% of your pre-retirement income to maintain your lifestyle in retirement. Some expenses decrease (commuting, work clothes), while others may increase (healthcare, travel). Adjust this percentage based on your specific retirement plans.
Inflation erodes purchasing power over time. What costs 100 today might cost 324 in 30 years at 4% inflation. Your retirement corpus must grow above inflation to maintain real purchasing power. This is why investing in growth assets is crucial for long-term retirement planning.
Conservative estimates range from 6-8% annually for balanced portfolios. Equity-heavy portfolios might average 8-12% over long periods, while debt instruments give 4-7%. Your asset allocation should become more conservative as you approach retirement. Use realistic, not optimistic, return assumptions.
Start as early as possible – ideally in your 20s. The power of compound interest makes early contributions extremely valuable. Review your retirement plan annually or after major life events (marriage, children, job changes). Adjust savings amounts and investment allocation as your situation changes.