Retirement Calculator
Why Start Retirement Planning Early?
Key Points
- Early planning leverages compounding for a larger corpus.
- Small monthly investments grow significantly over time.
- Use our calculator to set realistic goals.
Practical Example
At age 30, with ₹50,000 monthly expenses (6% inflation), you need ₹5.46 crore by 60. A ₹37,167 monthly SIP at 12% achieves this. Starting at 40 requires ₹1,13,606/month. Try our calculator to plan early.
Start now for a secure future. Use our Retirement Calculator to estimate your needs.
Impact of Inflation on Retirement
Key Points
- Inflation erodes purchasing power over time.
- Plan for higher expenses in retirement.
- Our calculator adjusts for inflation.
Practical Example
₹50,000 monthly expenses today become ₹1,60,103 in 20 years at 6% inflation. A ₹3.84 crore corpus is needed to sustain 25 years post-retirement. Use our calculator to account for inflation.
Protect your future from inflation. Use our Retirement Calculator to plan.
Secure Your Future with Pagla Tools Retirement Calculator
Retirement planning ensures financial independence in your golden years. Pagla Tools’ Retirement Calculator estimates the corpus needed and monthly investments required based on your current expenses, age, and expected returns. Start planning for a worry-free retirement today.
What is Retirement Planning?
Retirement planning involves saving and investing to build a corpus that sustains your lifestyle after retirement. Key aspects include:
- Corpus: The amount needed to cover expenses post-retirement.
- Inflation: Adjusts expenses to maintain purchasing power.
- Investments: SIPs or other vehicles to grow savings.
Our Retirement Calculator simplifies this process with accurate projections.
How to Use Our Retirement Calculator
Our Retirement Calculator is user-friendly. Follow these steps:
- Enter Current Age: Your age now (e.g., 30).
- Enter Retirement Age: When you plan to retire (e.g., 60).
- Input Monthly Expenses: Current expenses (e.g., ₹50,000).
- Set Inflation Rate: Expected inflation (e.g., 6%).
- Set Return Rate: Pre-retirement investment return (e.g., 12%).
- Enter Current Savings: Existing savings (e.g., ₹0).
- Click Calculate: Hit the "Calculate Retirement" button for results.
The calculator displays:
- Retirement Corpus Needed: Total amount required.
- Monthly Investment Required: SIP to achieve the corpus.
- Total Invested Amount: Total contributions.
- Pie Chart: Breakdown of Invested Amount vs. Returns.
Real-Life Problems Solved by Our Retirement Calculator
Retirement planning can be daunting, but our calculator helps:
- Corpus Estimation: For ₹50,000 monthly expenses at age 30, you need ₹5.46 crore by 60 (6% inflation, 8% post-retirement return).
- Investment Planning: Achieve ₹5.46 crore with a ₹37,167 monthly SIP at 12% from age 30 to 60.
- Inflation Adjustment: See how 6% vs. 8% inflation increases the corpus from ₹5.46 crore to ₹8.05 crore.
- Early Planning: Starting at 35 vs. 30 increases the monthly SIP from ₹37,167 to ₹58,054 for the same corpus.
Benefits of Using Pagla Tools
Our Retirement Calculator offers:
- Accuracy: Precise calculations with inflation and compounding.
- Time-Saving: Instant results without complex math.
- Visual Insights: Pie chart for clear investment breakdown.
- Flexibility: Adjusts for age, expenses, and rates.
- User-Friendly: Intuitive interface for all users.
- Free Access: Available 24/7 on paglatool.com at no cost.
Additional Tips for Retirement Planning
Optimize your retirement strategy with these tips:
- Start Early: Maximize compounding benefits.
- Account for Inflation: Plan for rising costs.
- Diversify Investments: Include equity, debt, and fixed-income options.
- Review Regularly: Adjust for changes in expenses or goals.
- Consult Advisors: Seek professional guidance for investment choices.
Frequently Asked Questions (FAQs)
Why is inflation important in retirement planning?
Inflation increases future expenses, requiring a larger corpus to maintain your lifestyle.
What is a safe return rate to assume?
Assume 10-12% for equity-heavy portfolios pre-retirement and 6-8% post-retirement for conservative investments.
How much corpus do I need for retirement?
It depends on expenses, inflation, and life expectancy. Use our calculator to estimate based on your inputs.
Can I include existing savings in the plan?
Yes, our calculator accounts for current savings to reduce the monthly investment needed.
Why Trust Pagla Tools?
Our Retirement Calculator is:
- Expert-Designed: Built by financial experts.
- Transparent: Free with no hidden fees.
- Reliable: Uses standard financial formulas for accurate projections.
Visit paglatool.com to plan your retirement!