Personal FinanceSample article
Net worth: the one number that tracks your progress
Income tells you what you earn. Net worth tells you what you have built. How to work it out and why to check it every quarter.
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Retirement calculator
An estimate of the corpus you need to cover your expenses through retirement, and what to save each month to get there.
Result
Corpus needed at 60
₹7,71,48,478
- Monthly SIP needed from now
- ₹30,019
- for 30 years
- Monthly expenses at retirement
- ₹2,87,175
- after inflation
- Your savings will grow to
- ₹87,24,701
Shortfall of ₹6,84,23,777
Investing ₹30,019 at the start of every month until you retire closes the gap at a 10% return.
How the corpus is drawn downShow 25 rowsHideWithdrawals rise with inflation every year; the rest keeps earning the return during retirement.
| Age | Start of year | Withdrawal | Growth | End of year |
|---|---|---|---|---|
| 60 | ₹7,71,48,478 | ₹34,46,095 | ₹51,59,167 | ₹7,88,61,550 |
| 61 | ₹7,88,61,550 | ₹36,52,860 | ₹52,64,608 | ₹8,04,73,298 |
| 62 | ₹8,04,73,298 | ₹38,72,032 | ₹53,62,089 | ₹8,19,63,355 |
| 63 | ₹8,19,63,355 | ₹41,04,354 | ₹54,50,130 | ₹8,33,09,131 |
| 64 | ₹8,33,09,131 | ₹43,50,615 | ₹55,27,096 | ₹8,44,85,612 |
| 65 | ₹8,44,85,612 | ₹46,11,652 | ₹55,91,177 | ₹8,54,65,137 |
| 66 | ₹8,54,65,137 | ₹48,88,351 | ₹56,40,375 | ₹8,62,17,161 |
| 67 | ₹8,62,17,161 | ₹51,81,652 | ₹56,72,486 | ₹8,67,07,994 |
| 68 | ₹8,67,07,994 | ₹54,92,551 | ₹56,85,081 | ₹8,69,00,524 |
| 69 | ₹8,69,00,524 | ₹58,22,104 | ₹56,75,489 | ₹8,67,53,909 |
| 70 | ₹8,67,53,909 | ₹61,71,431 | ₹56,40,773 | ₹8,62,23,252 |
| 71 | ₹8,62,23,252 | ₹65,41,717 | ₹55,77,707 | ₹8,52,59,242 |
| 72 | ₹8,52,59,242 | ₹69,34,220 | ₹54,82,752 | ₹8,38,07,774 |
| 73 | ₹8,38,07,774 | ₹73,50,273 | ₹53,52,025 | ₹8,18,09,527 |
| 74 | ₹8,18,09,527 | ₹77,91,289 | ₹51,81,277 | ₹7,91,99,514 |
| 75 | ₹7,91,99,514 | ₹82,58,766 | ₹49,65,852 | ₹7,59,06,600 |
| 76 | ₹7,59,06,600 | ₹87,54,292 | ₹47,00,662 | ₹7,18,52,969 |
| 77 | ₹7,18,52,969 | ₹92,79,550 | ₹43,80,139 | ₹6,69,53,558 |
| 78 | ₹6,69,53,558 | ₹98,36,323 | ₹39,98,206 | ₹6,11,15,442 |
| 79 | ₹6,11,15,442 | ₹1,04,26,502 | ₹35,48,226 | ₹5,42,37,165 |
| 80 | ₹5,42,37,165 | ₹1,10,52,093 | ₹30,22,955 | ₹4,62,08,028 |
| 81 | ₹4,62,08,028 | ₹1,17,15,218 | ₹24,14,497 | ₹3,69,07,306 |
| 82 | ₹3,69,07,306 | ₹1,24,18,131 | ₹17,14,242 | ₹2,62,03,417 |
| 83 | ₹2,62,03,417 | ₹1,31,63,219 | ₹9,12,814 | ₹1,39,53,012 |
| 84 | ₹1,39,53,012 | ₹1,39,53,012 | ₹0 | ₹0 |
How this is calculated
Expenses at retirement = today's expenses × (1 + inflation)^years to retire
Corpus = W × [1 − ((1 + g) ÷ (1 + r))ᴺ] ÷ (r − g) × (1 + r)
- W = first year's withdrawal
- g = inflation
- r = return during retirement
- N = years in retirement
Assumptions and limits
- Withdrawals are taken at the start of each year and rise with inflation. The corpus runs out at the age you plan until.
- Returns and inflation stay constant. A few bad years early in retirement can change the result a lot.
- Pension, rent or other income in retirement is not included; subtract it from your expenses.
- Taxes on withdrawals and investment returns are not included.
This calculator gives an educational estimate from the values you enter. It isn't personalised financial, tax or investment advice. Rates, rules and your own situation can change the result. Read the disclaimer
Guides on this topic
- Retirement PlanningSample article
How much do you need to retire? A simple way to estimate it
Start from today's expenses, account for inflation, and you get a first estimate of what retirement will cost. A worked example.
1 min read