Retirement Goal Calculator
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 details

Expected Annual Inflation

Your expectation of the annual inflation rate

Current Investments

Total existing value excluding allocation for loan repayments

Add assets

Expected 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
  • Starting Early: Time is a valuable asset when it comes to financial planning. Starting early allows for the power of compounding to work in one's favour, meaning investments have more time to grow and accumulate wealth.
  • Understanding Risk: Risk is inherent in investing, but it's essential to understand the various types of risk, such as market risk, inflation risk, and longevity risk. Balancing risk tolerance with investment objectives is key to creating a suitable investment strategy.
  • Diversification: Diversifying investments across different asset classNamees (stocks, bonds, real estate, etc.) can help reduce overall portfolio risk. By spreading investments, individuals can mitigate the impact of market volatility on their savings.
  • Goal-Based Planning: Setting clear and achievable financial goals, whether it's saving for retirement, buying a house, or funding a child's education, aligning investments with specific objectives provides direction and motivation.
  • Growth and Protection: While growth-oriented investments offer the potential for higher returns, protective measures such as insurance and conservative asset allocation help safeguard wealth during market downturns or unexpected life events.
  • Rebalancing and Monitoring: Rebalancing involves adjusting asset allocations to bring them back in line with the desired investment strategy, ensuring that portfolios remain diversified and aligned with changing market conditions.
  • 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

  • Disclaimer: This has been prepared based on the details provided by the user. The results are meant to act as broad guidelines for attaining financial well-being. This assessment is not a recommendation or advice for making any financial or non-financial decision. Before making any financial decisions, the user must study and comprehend the applicable rules, regulations, and legal framework in addition to conducting his/her own independent analysis and due diligence.