Retirement Calculator can help you to analyze your retirement needs and guide you to create a retirement corpus sufficient enough to welcome retirement life with grace and joy.
Different methods are available to calculate retirement corpus but the most reliable and widely accepted one is the ‘Expense Protection’ method. The calculator provided here follows expense protection method.
Read More: Complete Guide on Retirement Planning – with illustrations
How to use the Retirement Calculator
Step 1: Select your ‘age‘, ‘expected retirement age‘ and ‘age up to which pension required‘ (life expectancy) using the sliders provided.
Step 2: Enter the expected investment return during the investment period as well as the retirement period and enter the expected inflation rate.
Step 3: Find out your current personal expenses and enter it.
Inflation-adjusted expected expenses per month are calculated along with retirement corpus and the amount you need to save at the current investment rate to create the calculated retirement corpus.
Read More: Complete Guide on Retirement Planning – with illustrations