Retirement Corpus Calculator
Plan your retirement with confidence. Calculate exactly how much you need to save for a secure future.
Your Retirement Details
Your Retirement Plan
Required Retirement Corpus
₹0
This is the amount you need to save by age 60 to maintain your lifestyle until age 85.
Years Until Retirement
0 years
From age 30 to 60
Monthly Expenses at Retirement
₹0
Adjusted for inflation at 6% per year
Current Progress
Retirement Duration
0 years
From age 60 to 85
Understanding Retirement Planning
Why Calculate Your Retirement Corpus?
A retirement corpus is the total amount of money you need to accumulate by the time you retire to maintain your desired lifestyle without active income. Calculating this number is the first step toward effective retirement planning.
Key Factors in Retirement Planning
- Retirement Age: When you plan to stop working and start living off your savings.
- Life Expectancy: How long your retirement savings need to last.
- Inflation: The rising cost of living that erodes your purchasing power over time.
- Investment Returns: How much your investments are expected to grow annually.
- Current Savings: What you've already accumulated toward retirement.
- Monthly Expenses: How much you'll need to maintain your lifestyle in retirement.
The Power of Early Planning
The earlier you start planning for retirement, the more time your investments have to compound and grow. Even small amounts invested regularly from a young age can grow substantially by retirement age due to the power of compounding.
For example, someone who starts investing ₹10,000 monthly at age 25 with a 12% annual return would accumulate over ₹5 crore by age 60. If they started at age 35 instead, they would have just over ₹1.5 crore – a difference of ₹3.5 crore!
How to Use This Calculator
- Enter your current age and expected retirement age
- Estimate your life expectancy (consider family history and lifestyle)
- Input your current monthly expenses (what you need to maintain your lifestyle)
- Enter your current savings and monthly contribution toward retirement
- Adjust the expected investment return and inflation rates
- Review your required retirement corpus and adjust your plan as needed
Retirement Planning in India: Securing Your Future
Retirement planning in India has unique considerations due to the country's economic landscape, cultural values, and family structures. With a growing middle class and increasing life expectancy, planning for retirement has become more crucial than ever for Indians.
In India, the concept of retirement planning is evolving. Traditionally, many relied on their children for old-age support, but changing family dynamics and urbanization have shifted this paradigm. Today, more Indians are recognizing the importance of building their own retirement corpus through systematic investments in various financial instruments.
The Indian government offers several tax-saving investment options that also serve as retirement planning tools, such as the National Pension System (NPS), Public Provident Fund (PPF), and Employee Provident Fund (EPF). Additionally, equity mutual funds, particularly through SIPs (Systematic Investment Plans), have gained popularity as long-term wealth creation vehicles.
Healthcare costs in India are rising at a rate faster than general inflation, making medical expenses a significant consideration in retirement planning. Many financial advisors now recommend dedicated health insurance policies and emergency funds as part of a comprehensive retirement strategy.