MPMoney Planning Calculators
MONTHLY NEEDED₹21,500
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RETIREMENT

Retirement Savings Planner

Estimate how much money you may need by retirement, and how much you may need to save each month.

Start with current age, retirement age, and monthly expenses. Optional assumptions can be skipped at first.

Your retirement details

yr
18yr70yr

Your age today.

yr
40yr75yr

The age when you plan to stop working for a salary.

₹
₹5k₹5 L

Include regular living costs like food, rent, bills, transport, and school fees. Exclude EMIs if they are handled separately.

Corpus needed at retirement

₹7.59 Crore

at age 60

Expenses today: ₹50,000Inflation: 6%Pre-ret return: 12%Post-ret return: 7%

Monthly investment

₹21,500

Existing corpus (FV)

₹0

Additional needed

₹7.59 Crore

Years to retire

30 years

What this means

This is a moderate monthly saving estimate. Existing EPF, NPS, pension, and other retirement savings can reduce the gap.

Know your starting point — check your current net worth →

What can change this

Medical costs, taxes, inflation, pension income, EPF/NPS balances, life expectancy, and lower post-retirement returns can materially change this result.

What to check next

Try a higher inflation assumption and a lower post-retirement return, then check whether the required monthly investment is still realistic.

Costs and assumptions

This estimate is based only on the information entered here.

Included
  • Current expenses and retirement age
  • Inflation assumption
  • Pre-retirement and post-retirement return assumptions
Not included unless stated
  • Taxes, medical inflation, and emergency expenses
  • Product charges, advisory fees, and lower returns during bad market periods
  • Pension rules, EPF/NPS withdrawal rules, and family support obligations
What to check before deciding
  • Healthcare and insurance assumptions separately
  • Whether pension, EPF, NPS, or annuity rules affect withdrawals

What to calculate next

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Planning for retirement in India

Why the final amount matters

Life expectancy in India is rising — a 60-year-old today may need funds for 25–30 post-retirement years. At 6% inflation, expenses double roughly every 12 years, which means your retirement spending in rupees will be significantly higher than today's figures. This calculator estimates the total savings needed (corpus) and the monthly investment required to build it before you retire.

How to use

Start with your current monthly expenses in today's rupees. Set the inflation rate to what you expect over your working years (5–7% is common for India). The pre-retirement return is your investment growth rate; the post-retirement return is what the savings may earn while being drawn down — typically lower as you shift to conservative assets.

India note — EPF, NPS, and healthcare

EPF, NPS, and PPF can be important retirement-linked savings, but rules and returns can change. Subtract your projected EPF, NPS, pension, or other retirement savings from the required total to estimate your additional gap. Healthcare inflation in India often runs above general CPI — build in a meaningful buffer for medical costs.

When to use this calculator

  • Estimating total savings needed at retirement (corpus).
  • Checking how inflation changes future monthly expenses.
  • Testing whether EPF, NPS, pension, or existing savings reduce the additional gap.
  • Comparing broad saving assumptions before reviewing official product rules.
Example calculation

Suppose monthly expenses are ₹50,000 today and retirement is 30 years away. The calculator first estimates what those expenses may become after inflation. It then estimates the total savings needed at retirement and the monthly investment required to build that corpus after considering existing retirement savings.

How this estimate is calculated

This shows the simplified method used for the estimate. It is meant for transparency, not as a full financial model.

Formula

Final amount (corpus) = AnnualExpense × (1 − (1 + realReturn)^−n) / realReturn

Scroll sideways if the formula is wider than the screen.

AnnualExpenseFuture annual expense at retirement after applying inflation
realReturnPost-retirement return minus inflation rate
nYears in retirement (life expectancy − retirement age)

Assumption: Constant real return in retirement. Monthly investment assumes pre-retirement compounding.

Does not account for taxes, medical shocks, pension variations, EPF/NPS rule changes, or estate needs.

Frequently asked questions

What is retirement corpus?
Retirement corpus means the total savings needed at retirement to support future expenses. It is the pool of money you may draw from after regular salary stops.
How much money do I need for retirement?
The answer depends on current expenses, retirement age, inflation, expected returns, life expectancy, medical costs, and existing savings such as EPF, NPS, pension, or other investments.
Does this include EPF, NPS, or pension?
Only if you enter those balances as existing retirement savings. EPF, NPS, pension, annuity, or other retirement-linked savings can reduce the additional amount needed.
Why does inflation matter?
Inflation means the same lifestyle can cost more in the future. Medical inflation can be higher than general household inflation, so it is worth testing a higher inflation case.
Are returns guaranteed?
No. Pre-retirement and post-retirement returns are assumptions. Actual market returns, product charges, and withdrawal timing can change the result.
How often should I revisit retirement planning?
Revisit the estimate when income, expenses, family needs, inflation, health costs, retirement age, or existing savings change materially.

Educational estimate only. This calculator uses simplified assumptions based on your inputs. Actual outcomes may differ because of market returns, taxes, fees, inflation, product rules, exit penalties, lender charges, and personal circumstances. This is not financial, investment, tax, or legal advice. Medical costs, inflation, taxes, product charges, lower returns, withdrawal timing, pension rules, EPF/NPS rules, and unexpected expenses can materially change the result.