Retirement Calculator
Plan for a financially secure retirement by estimating your future needs and savings goals.
Current Financial Situation
Retirement Goals
Financial Assumptions
Understanding Retirement Planning
Retirement planning is a crucial step towards ensuring financial security during your golden years. Our retirement calculator helps you estimate how much you need to save to maintain your desired lifestyle.
The calculator takes into account factors such as current savings, age, expected retirement age, expected returns, inflation, and desired monthly expenses after retirement.
Key Factors in Retirement Planning:
- Current Age: The earlier you start planning, the more time you have to build your retirement corpus.
- Retirement Age: When you plan to retire affects how long you have to save and how long your savings need to last.
- Inflation: The rising cost of living erodes the purchasing power of your money over time.
- Life Expectancy: Planning for a longer life ensures you don't outlive your savings.
- Investment Returns: Higher returns can help your savings grow faster, but may come with increased risk.