Retirement Planner

It depends on how much you spend, how long your retirement lasts and how your money is invested. A common rule of thumb is 25 to 30 times your yearly spending, but the right multiple for you could be higher or lower. Use the calculator for your own figure, or the table above for a quick guide.

The risk profile is the share of your savings in equity, such as stocks and equity mutual funds. The rest is assumed to be in safer options like FDs, PF and debt funds. "100 minus your age" is a common rule of thumb that holds more equity when you are young and have time to ride out market falls. Drag the slider to match how your money is actually invested.

Once you are living off your savings, a big market fall hurts more, because you may have to sell investments while prices are low. Moving a third of your equity into safer investments at retirement reduces that risk. The trade-off is a lower expected return, so you need a somewhat larger corpus.

The default of 6% is a middle-of-the-road assumption for long-term planning in India. If a large part of your spending goes on things that tend to rise faster, like healthcare, choose 7% or 8% to be safe. A higher inflation (opens in new tab) rate means you will need a bigger corpus.

You have three levers: save more, stop working later, or plan to spend less in retirement. The calculator shows the age you could stop working at if you keep saving what you do today, and you can move the sliders to find a mix that works. Even saving part of the amount narrows the gap.

Our SIP calculator shows what any monthly amount could grow to

No. It assumes you save the same amount every month until you stop working. If you raise your savings as your income grows, you can start with less than the amount shown. Even a 5% to 10% increase each year makes a big difference over 20 years or more.

Yes. Add their current balances to what you have saved so far, and include your monthly contributions, including your employer's EPF (opens in new tab) share, in how much you save each month. When you set your risk profile, count PF and PPF (opens in new tab) as part of your safer investments.

The calculator assumes your savings cover all your spending. If you expect regular income after you stop working, a simple approach is to subtract it from your monthly spending before you enter it. Bear in mind that some income, like a fixed pension, will not rise with prices.

Yes, a lot. When you are withdrawing money, a fall early in retirement forces you to sell more units at low prices, and those units never get the chance to recover. The same fall late in retirement does far less damage. The calculator assumes steady returns, so it is worth keeping a buffer on top of the figure shown.

Many people live well into their 80s and 90s, and running out of money late in life is much harder to fix than having some left over. Planning to a comfortable age gives you a margin of safety. If people in your family tend to live long, consider planning to 95 or 100.

No. Returns and withdrawals are shown before tax. Tax on interest, capital gains (opens in new tab) and pension income will reduce what you can spend, so check the current rules or speak to a tax adviser.

No. Nothing you enter in this retirement calculator is stored.