Retirement Calculator

Find out how much you need to retire and how much to invest each month to get there.

Result

Retirement savings needed

Your plan

years
years
years
% a year
% a year
% a year

Savings over your lifetime

How to use the retirement calculator

  1. Enter your age, when you want to retire, and the age to plan until – 85 or 90 is safer than average life expectancy.
  2. Enter your monthly expenses today – the lifestyle you want to keep – and any savings already set aside for retirement.
  3. Set inflation and the returns you expect before and after retiring. Returns are usually lower after retiring, as money moves to safer investments.

How the calculator works

  1. Your expenses are grown by inflation to the year you retire.
  2. It works out the savings (corpus) that pay those expenses every year – still rising with inflation – until the age you plan for, while the rest stays invested.
  3. Your current savings are grown to retirement, and the gap is turned into a monthly investment (SIP) at your pre-retirement return.
Example: age 30, retire at 60, plan to 85

In India, ₹50,000 a month today becomes about ₹2,87,175 a month at 60 (6% inflation), and needs about ₹7,71,00,000 at retirement (7% return after).

In the US, $4,000 a month today becomes about $9,709 at 60 (3% inflation), and needs about $2,330,000 (5% return after).

Track the pieces with the EPF, NPS and SIP calculators, and see how prices rise with the inflation calculator.

Frequently asked questions

How much money do I need to retire?

Enough to pay your expenses, rising with inflation, for every year of retirement. A common rule of thumb is 25–30 times your yearly expenses at retirement; this calculator works it out from your own numbers.

What is the 4% rule?

A US guideline: withdrawing 4% of your savings in the first year, then raising it with inflation, has historically lasted about 30 years. It is the same as saving 25 times your yearly spending.

What return should I assume?

Before retiring, a mix of shares and bonds might earn 7–12% a year (higher in India, where inflation is also higher). After retiring, 5–7% is more realistic as money moves to safer investments.

Should I include my pension or Social Security?

Yes – subtract the monthly pension you expect from your expenses before entering them, so the calculator only plans for the part your savings must cover.

Why is the amount so large?

Inflation: at 6% a year, expenses grow almost sixfold in 30 years, and retirement can last 25 years or more. Starting early makes the monthly investment much smaller.