Retirement Planning
Retirement Planner
Plan your retirement savings, calculate your retirement corpus, and ensure financial security
Secure Future
Smart Planning
Comfortable
Luxury
Basic
Five Lakh Rupees Only
Your Retirement Outlook
Retirement Corpus
₹2,85,00,000
Monthly Retirement Income
₹95,000
Years Until Retirement
25 years
Retirement Duration
25 years
Shortfall/Surplus
₹15,00,000 Surplus
Retirement Readiness: 75%
Tip: Increasing your monthly contribution by ₹5,000 could help you retire 2 years earlier!
Retirement Milestones
Age 45
₹50 Lakhs saved
Age 55
₹1.5 Crores saved
Age 60
Retirement!
Income Sources
Early Retirement
Age 55
₹20,000/mo more
Delayed Retirement
Age 65
30% more income
Retirement Timeline
| Age | Savings | Annual Contribution | Projected Value |
|---|
Retirement Readiness Assessment
Based on your inputs, here’s how prepared you are for retirement:
Savings Rate
Good
You’re saving 15% of your income, which meets the recommended rate.
Investment Growth
Fair
Consider diversifying your portfolio for better returns.
Retirement Income
Good
Your projected income covers 95% of your retirement needs.
About Retirement Planning
Retirement planning is the process of determining retirement income goals and the actions and decisions necessary to achieve those goals. It includes identifying sources of income, estimating expenses, implementing a savings program, and managing assets and risk.
Retirement Planning FAQs
How much do I need to retire?
A common rule of thumb is that you’ll need about 70-80% of your pre-retirement income to maintain your standard of living in retirement. However, this varies based on your lifestyle, health, and location.
What is the 4% rule?
The 4% rule suggests that you can withdraw 4% of your retirement savings annually (adjusted for inflation) without running out of money for at least 30 years. This is a common guideline for retirement planning.
When should I start saving for retirement?
The earlier, the better. Thanks to compound interest, money saved in your 20s and 30s has much more time to grow than money saved in your 40s and 50s. Even small amounts saved early can grow significantly over time.
What are the best retirement investment options?
Common retirement investment options include EPF, PPF, NPS, mutual funds, and real estate. The best option depends on your risk tolerance, time horizon, and financial goals. Diversification is key to managing risk.
How does inflation affect retirement planning?
Inflation reduces the purchasing power of money over time. When planning for retirement, it’s important to account for inflation in both your savings growth and your future expenses to ensure your money lasts.
Should I consider working part-time in retirement?
Many people choose to work part-time in retirement for additional income, social engagement, and to stay active. This can reduce the amount you need to withdraw from your retirement savings each year.