Retirement Calculator

Understanding Retirement Planning

Retirement planning is crucial for ensuring financial security in your later years. This calculator helps you understand how much you need to save regularly to maintain your desired lifestyle after retirement.

How to Use This Calculator

  • Enter your current age and when you plan to retire
  • Estimate your monthly expenses needed after retirement
  • Input expected inflation and investment return rates
  • Include any existing retirement savings

Important Factors to Consider

  • Inflation erodes purchasing power over time
  • Healthcare costs typically increase with age
  • Investment returns may vary before and after retirement
  • Life expectancy impacts the total corpus needed

Pro tip: Start retirement planning early. The power of compound interest means that even small regular investments can grow significantly over time.

Note: This calculator provides estimates based on your inputs. Consider consulting a financial advisor for personalized retirement planning advice that takes into account your specific situation and goals.