Retirement Planning Calculator: Secure Your Golden Years
The Retirement Planning Calculator helps you estimate the corpus required to maintain your current lifestyle post-retirement. It factors in inflation, current age, retirement age, and life expectancy.
Why Plan for Retirement Early?
Retirement planning is about ensuring financial independence when you stop working. The earlier you start, the less you need to save monthly due to the magic of compounding.
Key Inputs
- Current Expenses: Your monthly spending today.
- Inflation Rate: The rate at which costs will rise (typically 6-7% in India).
- Retirement Age: When you plan to stop earning active income.