Retirement Planning Calculator
Why Plan for Retirement?
Retirement planning is essential to maintain your lifestyle after you stop working. Inflation reduces the value of money over time, meaning you will need significantly more money in the future to buy the same things you buy today.
Key Factors
- Inflation: The rate at which cost of living increases.
- Life Expectancy: How long you need your savings to last.
- Return on Investment: How fast your savings grow.
The Power of Starting Early
Starting even 5 years earlier can drastically reduce the monthly savings required due to compounding interest.
Frequently Asked Questions
A common rule of thumb is to aim for a corpus that can generate 70-80% of your pre-retirement
income annually.
Traditionally, 4% is considered a safe annual withdrawal rate from your corpus to ensure it
lasts for 30 years, adjusted for inflation.