What is a retirement calculator?
A retirement calculator estimates how much money you need on the day you retire to cover your monthly expenses for the rest of your life, and the monthly SIP needed to build that amount. It accounts for inflation before and after retirement and for returns on your savings.
How to use it
- Enter your age, the age you want to retire at and your life expectancy.
- Enter your monthly expenses today.
- Set expected inflation, return before retirement and return after retirement.
- Add any savings you already have.
Example
If you spend ₹50,000 a month today, at 6% inflation you will need about ₹2.9 lakh a month in 30 years. The calculator shows the corpus that can pay this every month, rising with inflation, until your life expectancy.
Frequently asked questions
How much money do I need to retire in India?
It depends on your expenses, age and inflation. A common rule of thumb is 25 to 30 times your yearly expenses at retirement. This calculator gives a figure based on your own numbers.
What is FIRE?
FIRE means Financial Independence, Retire Early. It is the point where your investments can pay your expenses, so work becomes optional.
What is an SWP?
A Systematic Withdrawal Plan takes a fixed amount from your mutual fund every month. Retirees use it as a monthly income from their corpus.
More free calculators
- SIP calculator
- Lump sum calculator
- Goal planner
- EMI calculator
- Capital gains tax calculator
- Risk profiler
Results are estimates for planning only and are not investment advice.