Estimate how much you need to save for a comfortable retirement. Factor in inflation, post-retirement returns, and your current savings to get your required corpus and monthly SIP.
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Pre-retirement investment return assumed at 12% p.a. for SIP calculation.
Retirement Summary
Monthly Expenses at Retirement
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Total Required Corpus
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Monthly SIP Needed (@ 12%)
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Current Savings Shortfall
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Year
Age
Annual Expense
Corpus (Start)
Withdrawal
Corpus (End)
Start Early, Retire Comfortably
Starting your retirement savings even 5 years earlier can reduce the required monthly SIP by 40-50% thanks to the power of compounding. The earlier you begin, the less you need to set aside each month and the larger your retirement corpus grows.
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The amount depends on your lifestyle, monthly expenses, inflation, and how long you expect to live after retirement. As a rule of thumb, you need a corpus that can generate inflation-adjusted income for 25-30 years post retirement. Use this calculator with your actual expenses to get a personalised estimate.
What is the 4% rule for retirement?
The 4% rule suggests you can withdraw 4% of your retirement corpus each year (adjusted for inflation) without running out of money for at least 30 years. While popular in the US, Indian retirees may need a more conservative approach (3-3.5%) due to higher inflation rates. This calculator uses a more precise year-by-year model instead of a simple rule.
How does inflation affect my retirement planning?
Inflation erodes the purchasing power of money over time. If your current monthly expenses are ₹40,000 and inflation is 6%, you would need about ₹2.3 lakhs per month after 30 years just to maintain the same lifestyle. This is why it is essential to factor in inflation when estimating your retirement corpus.
What returns should I assume for retirement planning?
During the accumulation phase (before retirement), equity-heavy portfolios have historically returned 10-14% p.a. in India. Post-retirement, a conservative mix of debt and equity typically yields 7-8%. This calculator assumes 12% pre-retirement return for SIP calculation and lets you set your own post-retirement return rate.
Should I include EPF and NPS in my retirement savings?
Yes. Your EPF balance, NPS corpus, PPF savings, and any other long-term investments meant for retirement should be included in the "Current Retirement Savings" field. This helps the calculator give you a more accurate picture of the additional SIP you need to start.