Two phases, one plan
Retirement planning has a saving phase, when you invest from your salary, and a spending phase, when the corpus pays your monthly expenses. This calculator links them. It works out the corpus that can fund inflation-rising expenses until the age you plan for, and then the monthly SIP needed to build that corpus from today.
Worked example
Corpus = E × (1+r) × [1 − ((1+inf)/(1+r))^N] ÷ (r − inf)Choosing sensible assumptions
- Plan-until age: use 85–90. Planning for a long life is the safe side of the bet.
- Post-retirement return: keep it modest (6–8%), since most retirees hold more debt and less equity.
- Expenses: commuting and EMIs may disappear, but healthcare and travel often rise. Many people assume 70–80% of current spending.
Where the money can come from
Your EPF contributions, PPF and NPS already count toward this target; enter their current value under existing savings. Then use SIPs in equity funds for the gap. Check each separately with the EPF, PPF and NPS calculators.
Frequently asked questions
How much corpus is enough to retire in India?
It depends on your expenses. A common rough check is 25–30 times your yearly expenses at retirement, which is close to what this calculator produces for typical inputs.
Does this include EPF and NPS?
Yes, if you enter their current value under existing savings. Future EPF contributions reduce the SIP you need, so the result is conservative.
Should I plan for medical costs separately?
Yes. Keep a good health insurance policy and a separate medical buffer. Premiums and costs rise faster than general inflation in old age.