Retirement Calculator

Retirement Calculator

Current Age: Retirement Age: Current Savings (₹): Monthly Contribution (₹): Expected Annual Return (%): Expected Retirement Duration (Years):

 

Calculator for Retirement – Your Financial Future Planner A Retirement Calculator is a smart tool that helps you estimate how much money you’ll need to retire comfortably—and whether you’re on track to reach that goal.

 Why Use It?

  Predicts your future savings based on your current habits—no guesswork ✔ Reality Check – Shows if you’re saving enough or falling short

 ✔ Adjustable Scenarios – Lets you test “what if?”  changes (save more, retire earlier, etc.)

 What This Calculator Reveals

 1. Your goal for retirement savings: how much money you'll need based on your lifestyle 2: Current Progress: Compares how much money you have saved to your goal. 3️⃣ Monthly/Yearly Savings Required – How much to invest to stay on track

 4️⃣ Impact of Inflation & Returns – Shows how market growth affects your nest egg

 Key Inputs Needed

 💰 Current Age & Planned Retirement Age

 💵 Current Savings & Monthly Contributions

  Expected Investment Return Rate (usually 5-7% for portfolios that are balanced) 🔥 Inflation Rate (Usually 2-3%)

 🏖️ Desired Annual Retirement Income (Rule of thumb: 70-80% of pre-retirement income)

  Life Expectancy (To guarantee the longevity of your savings) Example Scenario

 Current Age: 35 | Retire At: 65

 Current Savings: $50,000 | Monthly Contribution: $500

 Annual Return: 6% | Inflation: 2.5%

 Desired Retirement Income: $60,000/year

 Result:

 You’ll need ~$1.2 million saved by retirement

 At this rate, you’re projected to have $1.05 million

 Solution: Increase monthly savings to $650 to hit your goal

 Why It Changes the Game 🔹 Motivation Boost – Visually see how small increases in savings compound over time

 🔹 Risk Prevention – Avoid running out of money later in life

  Flexible Planning: Try taking a break from your job, retiring earlier, or changing your lifestyle. Pro Tip: Recalculate annually—raises, market shifts, or life events can change your trajectory!

 Want me to walk you through a personalized calculation?  Just share your numbers!  🚀