Plan Your Retirement with Confidence

Financial experts typically recommend saving at least 10-15% of your annual income for retirement. However, the exact amount depends on your lifestyle, expected retirement age, and financial goals. Our calculator helps you determine a personalized savings target based on your specific situation.

The 4% rule suggests that you can withdraw 4% of your retirement corpus in the first year of retirement, and then adjust that amount for inflation each year. This strategy is designed to make your savings last for approximately 30 years. However, in the Indian context, with higher inflation rates, a more conservative 3-3.5% withdrawal rate might be more appropriate.

Inflation significantly impacts retirement planning by reducing the purchasing power of your money over time. For example, with an annual inflation rate of 5%, ₹1 lakh today will be worth only about ₹36,000 in 20 years. Our calculator accounts for inflation by adjusting your future expenses and required corpus accordingly, ensuring your savings maintain their value throughout retirement.

Popular retirement investment options in India include:

• Employee Provident Fund (EPF) and Public Provident Fund (PPF)
• National Pension System (NPS)
• Equity Linked Savings Schemes (ELSS) and mutual funds
• Senior Citizen Savings Scheme (SCSS)
• Post Office Monthly Income Scheme (POMIS)
• Real estate investments

A diversified portfolio across these options based on your risk tolerance and time horizon is generally recommended.

The best time to start planning for retirement is as early as possible, ideally in your 20s when you begin your career. Starting early allows you to benefit from compound interest and requires smaller monthly contributions. However, it's never too late to start. Our calculator can help you create a plan regardless of your current age, adjusting the strategy based on your time horizon until retirement.

Our calculator provides a solid estimate based on the information you provide and standard financial assumptions. However, it's important to understand that it's a projection tool, not a guarantee. Economic conditions, investment returns, inflation rates, and personal circumstances can change over time. We recommend reviewing and adjusting your retirement plan annually to maintain its accuracy and relevance to your current situation.

Absolutely. Healthcare costs typically increase with age and can form a significant portion of retirement expenses. In India, medical inflation often exceeds general inflation rates, sometimes reaching 10-15% annually. When using our calculator, consider allocating a specific portion of your retirement budget for healthcare or increase your overall expense estimate to account for potential medical costs. Health insurance and critical illness coverage are also important components of a comprehensive retirement plan.

When planning for retirement, consider all potential income sources such as pension plans, rental income, part-time work, or family support. In our calculator, you can adjust your required retirement corpus by subtracting the present value of these expected income streams. For example, if you expect a monthly pension of ₹20,000, you can reduce your monthly retirement income need by this amount. This approach helps you calculate a more accurate savings target focused on filling the gap between your expected expenses and guaranteed income sources.