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Our retirement calculator is a comprehensive financial planning tool that helps you estimate the corpus needed for a comfortable retirement. By factoring in your current age, expected retirement age, expenses, savings, and investment returns, it provides realistic projections for your retirement planning.
Enter your personal details including current age, desired retirement age, life expectancy, monthly expenses, current savings, and monthly contributions. The calculator accounts for inflation and investment returns to show your required retirement corpus and any savings shortfall.
Your retirement corpus should provide income throughout your retirement years while accounting for inflation. The calculator uses annuity formulas to determine how much you need saved to generate monthly income without depleting your principal too quickly.
Start early to benefit from compounding, increase contributions as income grows, diversify investments, plan for healthcare costs, and consider part-time work in retirement. Regular reviews and adjustments are essential for staying on track.
The required corpus depends on your lifestyle, location, healthcare needs, and life expectancy. A common rule is 25-30 times your annual expenses.
Use 3-4% for conservative estimates. Historical inflation averages around 3%, but healthcare and lifestyle costs may inflate faster.
Increase monthly contributions, delay retirement, reduce expenses, or accept a more modest retirement lifestyle.