Retirement Calculator

A retirement calculator tells you two things: how much money you will need on the day you retire, and how much you should save every month from today to reach that amount.

Retiring comfortably is not luck. It is the result of starting early, saving regularly, and letting compounding do the heavy lifting. This tool makes the target concrete so you can plan for it.

The Easy tab asks four simple questions: your age, your monthly spending, the lifestyle you want after retirement, and where you save. It assumes you retire at 60, plan till 80, and prices rise 6% every year. Your spending is scaled by the lifestyle you pick, inflated to your retirement year, and multiplied over 20 retirement years to get your target amount. It then works out the monthly saving that reaches this target, using ~8% returns for safe savers and ~12% for aggressive investors.

The Advanced tab lets you control every assumption yourself: your exact retirement age, life expectancy, inflation, expected returns, and any money you have already put aside (including EPF). Use it once you want a more precise plan.

Every year you delay, the monthly saving required grows sharply, because you lose the years where compounding works hardest. Someone starting at 25 may need to save roughly half of what a 35-year-old needs for the same retirement.

Inflation is the silent problem: at 6%, prices roughly double every 12 years. What costs ₹25,000 a month today will cost about ₹1.9 lakh a month when a 25-year-old turns 60. The calculator builds this in, so the target is realistic rather than comforting.

Treat the monthly figure as a SIP target. If it looks too high, you have three levers: start earlier, aim for a simpler lifestyle, or take measured risk for higher returns (equity/mutual funds instead of only FDs and PF).

Revisit the calculator once a year, or whenever your income or expenses change meaningfully. Small course corrections early are far cheaper than big ones later.