Retirement Planning
Retirement planning helps you estimate the amount you need to maintain your lifestyle after you stop working. This calculator factors in inflation and expected returns to estimate your required corpus.
How to use this calculator?
- Enter your Current Age and Retirement Age.
- Enter your Current Monthly Expense.
- Enter the Expected Return Rate and Inflation Rate.
The calculator will show you the monthly expense at retirement and the corpus needed to sustain your lifestyle.
Retirement Formula
- Future Expense = Current Expense × (1 + Inflation Rate)^Years to Retirement
- Corpus Needed = Annual Expense / Withdrawal Rate
Example: If your current expense is ₹50,000/month, you retire in 30 years, expected return is 8%, inflation is 6%, you will need a corpus of ₹3.6 crore.
Frequently Asked Questions (FAQ)
For more details, consult a financial advisor or refer to retirement planning resources.