A retirement calculator projects your total savings at retirement based on your current age, retirement age, existing savings, monthly contributions, and expected investment return.
About this calculator
A retirement calculator projects your total savings at retirement based on your current age, retirement age, existing savings, monthly contributions, and expected investment return. It shows whether you are on track for retirement or need to save more.
Retirement planning requires accounting for inflation, rising healthcare costs, and the possibility of living 25–30 years in retirement. It provides a starting point for that planning.
Common uses
- Check if current savings rate is sufficient for retirement
- Calculate how much more to save monthly to retire comfortably
- Model retirement corpus for different retirement ages
- Estimate retirement corpus needed based on desired monthly income
Frequently asked questions
How much do I need to retire comfortably?
A common rule is to save 25–30 times your expected annual expenses in retirement (based on the 4% withdrawal rule). If you expect to spend ₹60,000/month (₹7.2 lakh/year) in retirement, you need about ₹1.8–2.16 crore. Adjust for inflation and healthcare costs.
At what age should I start saving for retirement?
The earlier the better due to compounding. Starting at 25 and investing ₹5,000/month at 12% until 60 creates about ₹3.24 crore. Starting at 35 and investing the same amount creates only about ₹90 lakh, less than one-third of the corpus for the same monthly investment.