Why Retirement Planning Matters
With increasing life expectancy and rising inflation, your monthly expenses at retirement could be 3–6x higher than today. Without a plan, your savings may fall short. Starting early with disciplined investing is the most reliable path to a comfortable retirement.
How This Calculator Works
The calculator first projects your current expenses to retirement age using expected inflation, then calculates the total corpus needed to sustain those expenses throughout retirement (accounting for post-retirement returns). Finally, it tells you how much you need to invest monthly via SIP to build that corpus.
Retirement Planning Tips for Indians
- Start Early: Starting at 25 vs 35 can halve your required monthly investment due to compounding.
- Use NPS + PPF: Government schemes offer tax benefits and stable returns as a retirement base.
- Equity for Growth: Use equity mutual funds (SIPs) for the growth portion of your retirement portfolio.
- Health Insurance: Medical expenses are the biggest retirement risk. Secure comprehensive health cover early when premiums are low.
- Review Annually: Adjust your plan every year for salary changes, lifestyle upgrades, and market conditions.