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  retirementPlanerDiv

In caring and saving for our loved ones, we often ignore ourselves. Retirement is a fact of life and planning for those golden years assumes most importance in absence of a proper social security system in our country. We recommend not to delay planning for retirement any further. This calculator can help you know the investments that you need to make to ensure that you retire confidently with financial freedom, dignity and self-esteem.

Current Age :
Years
Retirement Age :
Years

An AGE on which you are going to be retire from your work duties.

(In The Indian context it can be assumed between 57 to 65 years.)
Current Monthly Expenses :
Rs. 

The amount of expenses that you incur currently on monthly basis.

(In The Indian context and for an average middle class family of 4 members living in an semi urban area, we can assume it between Rs.35000 to Rs.75000. However it is recommended that you calculate your own current expense and use that for calculation.)
Expected Rate of Returns :
Yearly

Different asset classes can deliver varying levels of returns for any given investment horizon. The following matrix can help you with the same

Debt Asset Class - Between 7% to 9% .
Ideal investment horizon is very short to medium term (few months to say 5 years)

Equity Asset Class - Between 10% to 15%.
Ideal investment horizon is long to very long term (say over 5 years)

You may partly invest in both to get an appropriate asset allocation for your investment horizon.

Estimated Increase in your Savings :
Yearly

This represents the increase in your savings on year on year basis in percentage term. We should assume a savings rate (at least 5 to 10% higher) for a salaried person.

Existing investment earmarked (if any)
Existing Investments :
Rs. 

If any investment is already done for this goal - retirement planning - then take Total Investment Amount based on those investments.

(if there is no investment earmarked for retirement then keep it ZERO.)

Returns on Existing Investments :
Yearly

If there is any investment earmarked for this goal - retirement planning - then use Expected Rate of Return that can be generated on those investments.

(The Rate of Return can vary depending on the Financial Instruments in which investment is done. Very Broadly it can be bifurcated in two asset classes - Equity and Debt. Considering these Asset Classes, the Rate of Return can be assumed at 7% - 9% for Debt Asset Class and 10%-15% for Equity Asset Class.)

Assumptions for this goal planning:
Life Expectancy :
Years
Inflation - Pre Retirement :
Yearly

Inflation is generally inferred from the measure of CPI which represents the price rise in the general basket of goods & services used in consumption but may not be representative of the rise in overall living costs. We should assume a higher rate of inflation (at least 2 to 5% higher) for retirement, considering its nature and also adjusting for the gradual rise in your living standards as we age.

Inflation - Post Retirement :
Yearly