Download FREE! Retirement Calculator.
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Find out more about estimating retirement needs here.
Estimates prepared using this calculator may not be considered as financial advice.
Steps to calculate your retirement corpus using our calculator
Step 1 – Download the Retirement Calculator
Enter a valid email above and hit download. You will instantly receive an email containing link to download the calculator. Download the calculator and open it.
Step 2 – Calculate your retirement needs with just 2 inputs
Open the calculator & enter the following:
1. Your average monthly expenditure as of date, and
2. Your age
That’s all!
So, assuming you spend 1Lakh pm today, and you are 40, then you will need to a corpus to ~ 6.34 Cr at 60 when you retire, to support you till 85. This is equivalent to 2.39 Cr at today’s value. Calculations assume inflation of 5% and 7% per annum return on retirement corpus.
Questions or Comments? Write to us at contact@viniyogindia.com.
Optional Step – Early Retirement with 3 or 4 inputs!
Optionally, you can also change the retirement age and life expectancy values. For example, you intend to retire early, say at 50, you need to have approx. 5 Cr when you retire, which is equivalent to 3.07 Cr at today’s value.
Here lies an apparent paradox. Above examples show that your corpus should be 6.34Cr if you retire at 60 and 5Cr if you retire at 50. Shouldn’t you need more funds if you intend to retire early?
Of course yes. Remember, the value of the corpus represents money one should have when you retire. To make things easy to relate, we have also indicated how much that comes to at today’s value of money. For above example, you will need 3.07Cr and 2.39 Cr at today’s value, if you wish to retire at 50 and 60 years respectively, at retirement (i.e 10 & 20 years from now).
Remember, retirement corpus is a function of 3 variables: monthly expense, age and inflation adjusted return. Ignoring any one of them makes the estimate meaningless.
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ViniyogIndia.com is an Investment Advisory & Financial Planning portal, focusing on Equity asset class. Portal publishes research reports on publicly listed Indian companies. In addition, Portal provides personalized financial planning service based on investor profiling. Advisory services offered through this Portal are supported by SEBI Registered Investment Advisor (s).
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