Retirement Planning CalculatorPlan Your Golden Years
Calculate how much you need to save for retirement. Plan your retirement corpus with inflation-adjusted expenses.
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Why Plan for Retirement?
Inflation: Your expenses will grow over time
Life expectancy: Indians now live 70-80+ years
Compounding: Start early, benefit exponentially
Retirement Tips
- 1.Start saving as early as possible
- 2.Invest in equity for long-term growth
- 3.Diversify across asset classes
- 4.Review and adjust your plan annually
Retirement Planning in India
Retirement planning is crucial for financial security in your golden years. With increasing life expectancy and rising inflation, it's essential to start planning early and save systematically.
How Much Do You Need for Retirement?
The retirement corpus you need depends on your lifestyle, current expenses, inflation rate, and expected returns. A common rule of thumb is to aim for 25-30 times your annual expenses at retirement, but this can vary based on your specific circumstances.
Best Retirement Investment Options in India
- EPF/PPF: Safe, tax-free returns around 7-8%
- NPS: Market-linked returns with tax benefits
- Equity Mutual Funds: Higher returns potential for long-term wealth creation
- Debt Funds: Stable returns for risk-averse investors
- Real Estate: Rental income and capital appreciation
When Should You Start Planning?
The earlier you start, the better. Thanks to the power of compounding, starting in your 20s or 30s means you need to save much less per month compared to starting in your 40s or 50s. Even small amounts invested regularly can grow into a substantial corpus over 25-30 years.
Impact of Inflation on Retirement
Inflation erodes purchasing power over time. What costs ₹50,000 today might cost ₹2-3 lakhs after 30 years at 6% inflation. This calculator accounts for inflation to give you a realistic retirement corpus target.