Retirement Calculator
Estimate the savings you'll need for a comfortable retirement.
Will You Have Enough to Retire?
"Retirement planning" can feel abstract and overwhelming. This calculator makes it concrete. It helps you answer the most important question: based on what you're saving today, will you have enough money to live comfortably in the future? It projects the total "nest egg" you'll accumulate and gives you a clear verdict on whether you're on track to meet your retirement income goals.
How to Project Your Retirement Savings
To get a clear picture of your retirement readiness, you'll need to input several key details:
- Ages: Your current age and your desired retirement age. The longer the timeframe, the more powerful compounding becomes.
- Savings & Contributions: Your current retirement savings (e.g., in EPF, PPF, Mutual Funds) and how much you add monthly.
- Return Rates: An estimated annual return on your investments both *before* retirement (growth phase) and *after* retirement (conservative phase).
- Retirement Income: The monthly income you want to live on after you stop working.
The calculator uses this to project your total retirement corpus and assess if it's sufficient to generate your desired income.
Frequently Asked Questions (FAQ)
Q: What is a safe withdrawal rate in retirement?
A: The "4% rule" is a common guideline which suggests you can safely withdraw 4% of your total retirement corpus each year without depleting it. Our calculator uses your post-retirement return rate for a similar estimation.
Q: Does this calculator account for inflation?
A: This is a simplified calculator and does not explicitly factor in inflation. To account for it, you should use a "real rate of return" (i.e., your expected return rate minus the expected inflation rate, e.g., 8% return - 4% inflation = 4% real return). Alternatively, make sure your desired post-retirement income is stated in future, inflation-adjusted terms.