How the calculator works
- It grows your monthly expenses to retirement age with inflation.
- It works out the corpus that can pay those expenses, rising with inflation every year, until the age you plan for, while the remaining money keeps earning the post-retirement return.
- It subtracts what your existing savings should grow to, and finds the monthly SIP that covers the gap.
Choosing the numbers
- Expenses: today’s household spending, excluding EMIs that will end before you retire and children’s costs that will stop.
- Plan till: 85–90 is safer than average life expectancy; running out of money at 80 is the risk to avoid.
- Returns: 10–12% before retirement with a large equity share; 6–8% after, with mostly debt.
Where to save for retirement
EPF and PPF for a safe base, NPS for extra tax benefits and low costs, and equity mutual funds through SIPs for growth. Use the NPS calculator and the SWP calculator to plan both sides.
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Questions people ask
How much money do I need to retire in India?
A rough rule is 25–30 times your yearly expenses at the time you retire. The calculator gives a figure for your own age, expenses and assumptions.