Retirement Calculator

For a wealthy retirement, you need to plan and it requires a clear focus and dedication, with proper planning right from the beginning. Use PersonalFN’s Retirement Calculator below to estimate the corpus you require at the time of retirement. In addition to this, you can calculate the investment amount needed to achieve this retirement goal. Our comprehensive Retirement Calculator is simple to use and will make an accurate estimate of your retirement needs. You can then create a financial plan based on this calculated information to create your nest egg.


Please Enter Age.

Retirement planned at age…

Enter Retirement Age.

Life expectancy

Enter life expectancy.

Current Monthly Household Expenditure

Please Enter Amount.

Time to retirement

Expected inflation per year

Enter 2 decimal. Please Enter percentage.

Monthly Expenditure - at retirement age

Annual Expenditure at ret. Age

Provision for travel, healthcare annual expenditure

Please Enter Amount.

Travel, healthcare will inflate by

Enter 2 decimal. Please Enter Percentage.

Travel, healthcare at time of retirement

Annual expenditure at retirement

Post retirement expected inflation

Enter 2 decimal. Please Enter Percentage.

Post retirement life expectancy

Expected return post retirement

Enter 2 decimal. Please Enter Percentage.

Corpus required at time of retirement

Investments already made for retirement

Please Enter Amount.

Growth expected in the investments

Enter 2 decimal. Please Enter Percentage.

Investments corpus at time of retirement

Additional Corpus Required

Per Month Investment Required

Per Year Investment required

One time Investment required

Pls Note : Rate of Return is annual compounded.

How to plan towards your retirement?

One cannot afford to retire early unless there is years of planning behind it. Besides, one cannot accurately predefine a corpus to live a blissful retired life, because each one’s needs, wants, and standard of living is different.

In India, the average retirement age is 60. But then again, the rising cost of living, especially in the urban regions, could push this number upwards in years to come. This would mean working for more number of years. 

So, here are 8 things to do to retire early, and retire rich… 

  1. Be clear about the age you wish to retire:  Recognising this will help you get your numbers right. Based on the assessment of a number of years or the time horizon before the financial goal of living a blissful retirement befalls, you would get a fair estimate of how much to save and invest each month. You need to pay heed to life expectancy, inflation (both pre and post retirement), expenditure, rate of return, existing assets, among many other factors/variables – to logically build the desire retirement corpus. 

  2. Start saving and investing early:  It always makes great sense to save for your retirement from the very day you start earning. Focus on following a strict budget, as it can facilitate additional saving. Remember, the earlier you start, the better it is. 

    If you’re finding it difficult to save or trim down certain expenses then do away with spending on frivolous things. Likewise, engage in prudent tax planning to reduce your tax outgo. Thus, youwill be able to invest more of your hard-earned money towards your retirement goal. You may also look for an additional source of income. To fund post-retirement expenses, consider taking up a part-time job and/or monetising hobbies. 

    Savings alone is not enough; you need to invest your hard-earning money prudently in wealth creating asset classes and investment avenues, for ‘x’ number of years before hanging up your boots. The earlier you start saving and investing, the better is the compounding.

    Equity mutual funds, Public Provided Fund, gold, are some of the investment avenues besides the monthly contribution to an Employees Provident Fund (EPF) account (if you are salaried). Have dedicated investment portfolio addressing to your retirement needs, and don’t mix it with other investment portfolios carved to meet other financial goals. 

  3. Keep your debts under check:  Entering your retirement years with a debt overhang can be risky. Too much debt can eat in to your money saved for retirement and it jeopardises the aim of living a comfortable retired life. 

    So, if you’re taking personal loans, impulsively using credit cards; watch out! Likewise, don’t be house poor. Meaning, you buy a swanky house on a home loan even when you don’t need it, and repaying the loan and paying maintenance dues proves burdensome. This in effect disallows you to plan for other vital financial goals of life comfortably. 

  4. Give up unhealthy habits:  Indulging in unhealthy food, drinks, and other vices can be hazardous to wealth and health. God forbid, if you land up with a terminal illness, your family’s wellbeing could be jeopardised. It may even impair your goal of living an early rich retirement. 

    Similarly, in the endeavour to make a quick buck if you indulge in gambling or speculative activities, holdback; it can be damaging for your wealth and health. 

  5. Plan for contingencies:  Life, as you know, is not linear. It is a rollercoaster with surprising twist and turns, ups and downs. But to reduce the unnerving experience, planning for contingencies is a prudent thing to do (based on the premise of planning for the worst while hoping for the best). 

    Ideally, one should maintain 6 months to 24 months of regular monthly expenses including EMIs in a savings bank account and/or liquid funds as contingency reserve and keep it untouched. 

    Tomorrow, God forbid, a contingent event does crop up, you won’t have to dig into your retirement savings but sail through with your contingency reserve. 

  6. Don’t ignore insurance:  The rising stress in today’s work life is responsible for a variety of ailments. Hence, make sure you’re optimally insured for health. On hospitalisation, a steep medical bill can drain your finances and can disrupt planning for retirement. 

    Likewise, an optimal life insurance cover would ensure that your spouse and children’s financial future is protected when you pass away. 

  7. Consider spending your retired life in smaller towns:  Living a ‘rich’ retired life as much to do with money as it does with the quality of your life. This is attributable to not only enjoying the materialism of city-life, but also by living out your golden years in smaller cities/towns, serving a cause, or pursuing your passions such as the arts, farming, gardening, education, etc. Besides that, it can make life after retirement a fulfilling experience. 

    But while considering relocation to smaller cities / towns, take into account the standard of healthcare facilities where you plan to retire, because with old age illnesses are knocking at your door. The cost of living in smaller cities / towns is lower and helps in managing your post-retirement expenses. But again, it’s an individual’s lifestyle choice. 

  8. Seek professional help to draw a retirement plan:  A Certified Financial Planner or a Certified Financial Guardian, who is a mark of trust and respect, can make your dream of retiring rich, retiring early, and living your golden years in bliss. They help by drawing a prudent financial plan, recognising your risk profile, other financial goals, aligning investments as per financial goals, defining asset allocation, selecting investment avenues, and reviewing your investment portfolio among many other things. 

    So besides self-help, don’t hesitate to seek professional advice to make you dreams come true. Mind you, it’s worth the thousands you dole as fee today to fetch millions or billions tomorrow for your retirement. But ensure that you’re getting: unbiased, independent best advice and knowledge-based handholding on the path to wealth creation.

Retirement is a crucial financial goal of one’s life. Hence, involve your family because the financial decisions you take are going to have a far reaching impact on your family. Sit down with your spouse, your children…and discuss what you have in mind. 


Disclaimer : PersonalFN is not providing any investment advice through this service PersonalFN does not warrant that this service is complete, accurate, reliable, current, reliable, suitable, free from any virus, disruption or interruption and expressly disclaims all warranties and conditions of any kind, whether express or implied. The results may be based on certain assumptions. terms of Use before using this service.

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