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Free retirement calculator

Retirement calculator: how much do you need to retire?

Enter your age, your monthly expenses and what you’ve saved. See how much you’ll need when you retire, and what to put away each month to get there.

Your numbers

₹ 50,000
₹ 5 lakh

Saving: at our model portfolio’s actual average return over the past 10 years, about 13% a year. Retirement: on its actual month-by-month returns, ups and downs included. Not an assumed rate. Past performance may or may not be sustained in future.

Your result

You’ll need about ₹ 3.18 crore when you retire at 60.

Put away ₹ 9,800 a month from now to get there.

Start in 2029 instead, and it’s ₹ 15,100 a month.

Monthly expenses at 60
₹ 2,14,600
Your savings grow to
₹ 1.22 crore
Left to cover
₹ 1.97 crore
Your savings, by ageYou retire
0₹ 2.29 crore₹ 4.58 croreAge 40Age 50Age 60Age 70Age 80
How this is worked outShow

Your expenses grow by the rate you set until you retire. The amount you need is the least that, drawn every month and rising by the same rate each year, lasts until the age you plan for. The monthly saving is the least that, with what you have saved, reaches it after tax by the time you retire. While you save, each fund in the model portfolio grows at its own average monthly return over the past 10 years; in retirement, the money is drawn down on its actual month-by-month returns over those years, repeated. Markets can do worse than they did.

Tax on selling and on each withdrawal’s gain: 20% for equity in the first 12 months, 12.5% after, and 30% for debt funds; the tax on withdrawals is paid out of them. The yearly equity-gains exemption, cess and surcharge are not included. An illustration, not a forecast or a promise of returns.

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Your biggest lever

When you retire changes everything.

A 35-year-old spending ₹50,000 a month, with ₹5 lakh saved and planning to 85:

What retiring at different ages needs
Retire atYou’ll needSave each month
58₹ 2.88 crore₹ 13,100
60₹ 3.18 crore₹ 9,800
62₹ 3.48 crore₹ 6,800

Expenses rising 6% a year, on our model portfolio’s past returns, as in the calculator. Past performance may or may not be sustained in future.

A worked example

From 35 to 85, five years at a time.

A 35-year-old spending ₹ 50,000 a month, with ₹ 5 lakh saved, retiring at 60 and planning to 85. With prices rising 6% a year, at 60 the same life costs ₹ 2,14,600 a month. Paying that, still rising, until 85 takes about ₹ 3.18 crore at 60. Put away ₹ 9,800 a month from now to get there; start in 2029 and it’s ₹ 15,100.

A month, at 60
₹ 2,14,600
Needed at 60
₹ 3.18 crore
Put away each month
₹ 9,800
Starting in 2029
₹ 15,100
Saving for retirement from 35, then drawing it down to 85, five years at a time
AgeExpenses a monthEach monthYour savings
35₹ 50,000Put in ₹ 9,800₹ 5 lakh
40₹ 66,900Put in ₹ 9,800₹ 17 lakh
45₹ 89,500Put in ₹ 9,800₹ 39.8 lakh
50₹ 1,19,800Put in ₹ 9,800₹ 84.7 lakh
55₹ 1,60,400Put in ₹ 9,800₹ 1.76 crore
60, you retire₹ 2,14,600Take out ₹ 2,14,600₹ 3.18 crore
65₹ 2,87,200Take out ₹ 2,87,200₹ 2.88 crore
70₹ 3,84,300Take out ₹ 3,84,300₹ 4.05 crore
75₹ 5,14,300Take out ₹ 5,14,300₹ 2.74 crore
80₹ 6,88,200Take out ₹ 6,88,200₹ 3.56 crore
85₹ 9,21,000Take out ₹ 9,21,000₹ 69,000

Savings at each age, before tax while you save (at 60, after tax, as they move into your retirement plan): built on the model portfolio’s average past returns, then drawn down on its actual month-by-month returns. Past performance may or may not be sustained in future.

How to use it

The retirement calculator, in 4 steps.

  1. 1Enter your age, the age you want to retire, and the age to plan until.
  2. 2Enter what you spend each month today, at today’s prices.
  3. 3Add what you’ve already saved for retirement, and how fast you expect your expenses to rise.
  4. 4Read the result: how much you’ll need when you retire, and what to put away each month from now, or from three years on.

How it’s worked out

The method, in plain English.

  • Your monthly expenses grow with inflation every year until you retire.
  • The amount you’ll need is the least that pays those expenses, still rising every year, until the age you plan to, drawn down on the model portfolio’s actual month-by-month past returns, ups and downs included.
  • While you save, what you’ve saved and each monthly amount grow at the portfolio’s average past returns, about 13% a year, with tax when sold.
  • The monthly amount is the least that, after tax, reaches the amount you’ll need by the day you retire.

What your expenses will be

Expenses then = Expenses today × (1 + inflation)ⁿ

  • Inflation: how fast your costs rise each year
  • n: years until you retire

₹ 50,000 × (1 + 6%)^25 = ₹ 2,14,600 a month at 60. Then it keeps rising: ₹ 9,21,000 a month by 85.

Already retired, or close?

Turn what you have into a monthly income.

See the most you can draw each month while your money keeps growing, or how long a monthly withdrawal will last.

Retirement income plannerOr try the SWP calculator

FAQs

Your questions about retirement.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

How much money do I need to retire?
Enough to pay your expenses, rising with prices, for as long as your retirement lasts. The calculator grows your expenses to the year you retire, then works out the amount that pays them every month until the age you plan for.
What inflation should I assume?
The calculator starts at 6% a year. Some costs, health care especially, may rise faster for you, so try a higher number to see how much room your plan has.
Until what age should I plan?
Longer than feels necessary. Plan to at least 85, and further if your family tends to live long. Having money left over is a far better problem than running out.
What if I can’t save the monthly amount?
Retire a little later, plan for lower expenses, or start lower and raise your saving each year. Try each in the calculator. In a review call we find the mix that fits your life.
Should I count my EPF and PPF?
Yes. Add what they hold to what you have saved for retirement. The calculator grows everything on our model portfolio’s past returns, so treat the result as a guide; in a review we look at each one on its own terms.
What returns does this calculator use?
While you save, each fund in our model portfolio, four equity funds and two debt funds held 50:50, grows at its own actual average return over the past 10 years: about 13% a year for the portfolio as a whole. In retirement, the money is drawn down on the funds’ actual month-by-month returns over those years, ups and downs included. Not a rate we assumed. Past performance may or may not be sustained in future.
Does it include my pension?
Not separately. If you’ll get a pension, take it off your monthly expenses, so the calculator works out what your savings need to cover. Lump sums meant for retirement, such as EPF and PPF, go in “saved for retirement so far”.
Why does the amount I need look so large?
Two reasons. Prices rise: at 6% a year, ₹50,000 a month today is over ₹2 lakh a month in 25 years. And the money has to pay that, still rising, for every year of retirement. The amount is large because it covers decades of a rising income, not because of any one year.
Is ₹1 crore enough to retire at 60?
For some people, yes; for others, not close. It depends on what you spend, how long you plan for, and whether you have a pension. Enter your expenses above: the calculator shows the amount you would need and what to save each month to get there.
What is a safe withdrawal rate in India?
There is no single safe rate. Inflation in India has run higher than in the countries where rules like “4% a year” were worked out, so a withdrawal that rises with prices needs a larger cushion. We test each plan against bad years instead of relying on a rule of thumb.

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