How this retirement calculator works
- Your current expenses are grown by inflation until your retirement age.
- The corpus is the amount that, invested at the post-retirement return, can pay those inflation-rising expenses every year until your life expectancy.
- Your existing savings are grown at the pre-retirement return and subtracted.
- The remaining gap is converted into the monthly SIP needed.
Retirement planning tips
- Start early. Starting 10 years later can more than double the monthly amount you need.
- Use a mix of EPF, PPF, NPS and equity mutual funds.
- Plan for medical costs separately and keep adequate health insurance.
- Increase your SIP every year as your income grows.
This is an estimate. Actual returns and inflation vary; review your plan every year.