Retirement Planning Calculator helps you to find out the future value of your current expenses also calculate how much you need to save from now to enjoy your post-retirement days. Retirement Planning Calculator let you understand how much you should grow your wealth before retirement.
| Input | Description |
|---|---|
| Amount required for retirement | This is your desirable amount that you required in your retirement days |
| Current Age | Your current age in years |
| Retirement Age | Your age at which you want to retire |
| Expected rate of return | This is the percentage return per year at which you want to invest your money |
| Inflation rate | The rate at which prices increase over time |
| Current savings you have | The amount you have saved for your retirement till now |
| Output | Description |
|---|---|
| Total Amount Required for Retirement | This is your desirable amount that you required in your retirement days |
| Years for Retirement | Time duration in years for your retirement from now |
| Present Value of Amount Required | It is the value of a sum of money in the present, which can be equal to some future when investing at compound interest |
| One Time Investment Required | It is lumpsum investment that you can do to get you desirable future amount after retirement |
| SIP Investment - Monthly Investment Required of | It is SIP investment (monthly investment) till your retirement age that you can do to get you desirable future amount after retirement |
Usually, your retirement income should be aproximate of 80% of your pre-retirement salary.