Retirement Calculator
Saving for retirement is important because it provides financial security, helps you keep up with inflation, prepares you for a longer retirement and allows you to achieve your retirement goals.
How old are you?
How much do you spend per month
Post-retirement investment return
Expected return on investment
Calculate
₹ 11,42,42,585
Amount required for retirement
₹ 32,688
Amount you need to save per month to retire
How to use this calculator?
Retirement Planning
Retirement planning is very important as it prepares you for a financially secure retirement with a regular income.
How much would I need to lead a comfy life?
You can make use of the FundsIndia Retirement Calculator to find out how much you would need in order to live comfortably after retirement.
How does this calculator work?
FundsIndia retirement calculator takes into account your current monthly expenditure, your age, your expected rate of returns for your investments and assumes a retirement age of 60 and a life expectancy of 80 along with an inflation rate of 7% and calculates the corpus.
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What is Retirement Calculator?
A retirement calculator is a tool that helps you estimate how much money you need to save for retirement based on your age, savings, and other factors. It takes into account variables such as inflation, investment returns, and life expectancy to help you plan for a financially secure retirement.
Why should I use this calculator?
FundsIndia Retirement Calculator can help you plan your retirement. This is important because,
- Financial planning: Knowing your retirement benefits can help you plan your finances for the future. You can determine how much money you need to save to reach your retirement goals and adjust your retirement planning accordingly.
- Maximize benefits: By understanding your retirement benefits, you can take steps to maximize them, such as contributing more to a retirement savings plan or waiting until you are eligible for a higher benefit.
- Avoid surprises: Calculating your retirement benefits can help you avoid surprises and unexpected changes to your retirement income. You can plan for expected expenses and make adjustments to your budget as needed.
- Early retirement: If you are considering early retirement, calculating your retirement benefits can help you determine if you have enough savings to support your lifestyle until you are eligible for full retirement benefits.
- Retirement lifestyle: Understanding your retirement benefits can help you plan your retirement lifestyle, such as where you will live and how you will spend your time.
How to use retirement calculator?
FundsIndia retirement calculator is an intuitive tool that calculates the amount needed for your retirement easily. Just plug in the amount you spend monthly, your age, and how do you want your retired lifestyle to be along with how you want to build wealth. The calculator will give you the amount required for retirement and the amount you need to save per month to afford that retirement lifestyle.
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