Tools
Retirement Goal Calculator
Find your target corpus and monthly savings to secure your retirement.
Your retirement analysis
Finding the right ROI for you
Difference between investing & saving
Adjusting your retirement age
When should you start?
Altering your expenses
Impact of inflation
Understanding retirement
Share
Retirement Goal Calculator
Current Age
What is your current age?
Retirement Age
When do you wish to retire?
Life Expectancy
Total number of years you will live
Desired Inheritance
Intended financial legacy you wish to leave
Expected Monthly Expenditure
Expected monthly household expenses during retirement
Add detailsExpected Annual Inflation
Your expectation of the annual inflation rate
Current Investments
Total existing value excluding allocation for loan repayments
Add assetsExpected returns before retirement
Your expectation of returns on your investments
Expected returns after retirement
Your expectation of returns on the retirement corpus
For more accurate results, please provide precise and detailed inputs for each section.Amount required at retirement age
Monthly Savings required to retire
Start with less and increase per year
Understanding retirement
Retirement marks a significant milestone in life, signifying the transition from the daily grind of work to a period of leisure, exploration, and personal fulfilment. However, the journey to retirement is intertwined with the concept of financial independence, highlighting its pivotal importance. In the traditional concept of retirement, individuals aim to accumulate enough savings and investments to support their desired lifestyle once they leave the workforce. It's a time-honoured path characterised by years of hard work and diligent saving, with the ultimate goal of achieving financial security in one's later years. This traditional route offers a sense of relief from the demands of work, providing the freedom to pursue hobbies, travel, and spend time with loved ones without the constraints of a fixed schedule.
On the other hand, the FIRE movement represents a modern twist on retirement planning. FIRE, which stands for Financial Independence, Retire Early, advocates for aggressive saving and investing strategies to achieve financial freedom at a much younger age, typically in one's 30s or 40s. Regardless of the chosen path, financial independence is paramount to retirement planning. It provides a sense of assurance that one's financial future is secure, offering peace of mind and alleviating worries about running out of money in retirement. Achieving financial independence requires careful planning, disciplined saving, and smart investment decisions. It involves setting clear financial goals, creating a budget, and sticking to a long-term savings strategy. Whether pursuing traditional retirement or FIRE, the prospect of leaving the workforce brings a sense of liberation and excitement for the future. It represents an opportunity to break free from the daily grind, explore new interests, and enjoy a well-deserved respite from the demands of work.
Fundamentals of Retirement & Managing Financial Performance
Keep in mind what this tool does NOT account for
This tool does NOT account for certain factors, which you might need to consider while planning retirement holistically:-
Income & change in income Family Loans or other financial obligations Goals other than inheritance Existing savings/investment for retirement
Get your free Financial X-Ray Report!
Get a detailed assessment report of your financial life.
