top of page

RETIREMENT
CALCULATOR

Retirement planning ensures financial security by saving and investing for a comfortable life after you stop working. It involves building wealth through pension funds, SIPs, mutual funds, and fixed deposits to maintain your lifestyle. Factors like inflation, expenses, and life expectancy impact how much you need to save. Starting early helps leverage compound interest for better growth. Use our retirement calculator to plan your savings and achieve a stress-free retirement!

Current Age
(yrs)

Retirement age
(yrs)

Life Expectancy
(yrs)

​Enter your current age in years.

Enter the age at which you plan to retire.

Enter the age you expect to live until.

Monthly Income
(₹)

Monthly Expenses
(₹)

Inflation Rate
(%)

Enter your current monthly income before retirement.

Enter your current estimated monthly expenses.

Enter the expected annual inflation rate (in %).

Lifestyle After Retirement

Choose between Luxury (high spending), Comfortable (balanced living), or Modest (budget-friendly)

Monthly Savings Required

Money needed after Retirement

₹NaN

₹0.00

How to use Retirement Calculator?

Enter Your Age Details: 

  • Input your current age to determine how many years you have left until retirement.

  • Set your retirement age, which is when you plan to stop working.

  • Enter your life expectancy, which estimates how long you will need financial support after retirement.

Provide Financial Information:

  • Enter your current monthly income to estimate potential savings.

  • Input your estimated monthly expenses after retirement to determine how much you’ll need.

  • Adjust the inflation rate, as rising costs over time impact future expenses.

Select Your Lifestyle:

Choose a retirement lifestyle that best matches your expected spending habits:

  • Modest – Spend 80% of your estimated expenses.

  • Comfortable – Spend 100% of your estimated expenses.

  • Luxury – Spend 150% of your estimated expenses.

Get Your Results:

The calculator will display:

  • Total funds needed for a comfortable retirement.

  • Monthly savings required to reach your goal.

  • Additional funds needed if your current savings aren’t enough.

Why should I use a retirement calculator?

A retirement calculator is essential for financial planning because it helps determine how much money you need to save to maintain your desired lifestyle after retirement. Without proper planning, you may outlive your savings or struggle to cover expenses due to inflation and unforeseen costs.

 

Using the calculator, you can:

  1. Estimate how much money you will need after retirement.

  2. Determine how much you should save monthly to reach that goal.

  3. Factor in inflation, which impacts future expenses.

  4. Adjust your plan based on different lifestyle choices (basic, average, luxury).

  5. Avoid financial stress and secure a comfortable future.

 

Without proper retirement planning, you might depend on family, rely solely on pensions, or face financial hardships in later years. The calculator helps prevent that by giving you a clear savings roadmap.

How does inflation affect my retirement savings?

Inflation is the rise in prices over time, which decreases the purchasing power of money. This means that the same amount of money will buy fewer goods and services in the future.

 

For example:

If your monthly expense today is ₹50,000, and inflation is 5% per year, then:

  • In 10 years, the same expenses will cost ₹81,445 per month.

  • In 20 years, they will cost ₹1,32,665 per month.

 

This shows that without factoring in inflation, your savings may fall short when you actually retire. The retirement calculator accounts for inflation to ensure you save enough to sustain your future lifestyle despite rising costs.

How is the "total funds needed for retirement" calculated?

The calculator estimates the total amount required to cover your expenses throughout retirement based on the following factors:

 

Step-by-Step Calculation:

  1. Annual Expenses After Retirement = Monthly Expenses × 12

  2. Adjust for Inflation – Each year, expenses increase based on your selected inflation rate.

  3. Multiply by Expected Retirement Duration = (Life Expectancy - Retirement Age)

  4. Total Retirement Fund Needed = Sum of all future adjusted annual expenses

 

Example Calculation:

  • Monthly expenses = ₹50,000

  • Retirement age = 60, Life expectancy = 85 (25 years in retirement)

  • Inflation = 5%

 

Your total required funds would be approximately ₹10-12 crore, depending on how expenses grow. The calculator simplifies this complex formula to give you an accurate savings target.

​What is "monthly savings required," and how is it calculated?

The "monthly savings required" shows how much you need to save each month from now until retirement to meet your total retirement fund goal.

 

Formula Breakdown:

  1. Total Retirement Fund Needed (from Q3)

  2. Subtract Existing Savings & Investments (if any)

  3. Divide by Remaining Working Years × 12 months

 

Example:

  • Total required: ₹5 Crore

  • Existing savings: ₹50 Lakh

  • Years left until retirement: 20 years (240 months)

 

Required Monthly Savings = (₹5 Cr - ₹50 Lakh) ÷ 240 = ₹1.87 Lakh per month

 

This amount ensures that by retirement, you have enough to cover all post-retirement expenses without financial stress.

How does my chosen retirement lifestyle affect the results?

The calculator offers three lifestyle choices to customize savings goals based on spending habits:

​

  1. Below Average Lifestyle (80%) – If you plan to reduce expenses post-retirement, you’ll need less savings.

  2. Average Lifestyle (100%) – If you want to maintain your current standard of living, savings must cover full expenses.

  3. King Lifestyle (150%) – If you plan to travel, enjoy luxuries, or spend more, you’ll need extra funds.

 

Example Impact on Required Savings:

  • Below Average: ₹3 Crore

  • Average: ₹5 Crore

  • King Lifestyle: ₹7.5 Crore

 

Choosing a higher lifestyle means you must save more, while a minimalist lifestyle reduces savings pressure. The calculator helps balance your savings plan based on realistic goals.

What happens if I delay my savings?

The later you start saving, the higher your monthly savings requirement because you have fewer years left to accumulate the required amount.

​

Example of Delaying Savings:

  • Goal: ₹5 Crore at retirement

  • If you start saving at:

    • Age 30 → ₹50,000 per month

    • Age 40 → ₹1.2 Lakh per month

    • Age 50 → ₹3 Lakh per month

 

As you can see, starting early allows smaller, more manageable savings, whereas delaying significantly increases the amount you need to put aside.

​

Key Takeaway: The earlier you start, the easier it is to reach your goal due to compound growth. Use the calculator to see the impact of different starting ages and adjust your savings strategy accordingly.

Plan your dream retirement today! Use our Retirement Calculator to find out how much you need to save for a secure future.

bottom of page