Retirement planning should be an indispensable part of your personal finance. Good retirement planning ensures you live your retirement life confidently and peacefully with a thoroughly planned corpus.
Have you ever wondered how much you would need after you retire to sustain the same standard of living that you are enjoying today? Without a clear roadmap ahead, you wouldn’t know how much corpus you need to have in order to lead a dignified retired life.
Use our scientifically created retirement corpus planning calculator to have a clear idea of how much money you need to have with you after you retire. Our retirement calculator takes into account your current expenses, your age, retirement age, inflation, retirement assets, and life expectancy to calculate your retirement corpus.
Why is it important to plan for retirement?
After we retire, we won’t be having a steady stream of income in the form of salary or business income. This is where the importance of retirement planning becomes apparent. When we have a roadmap ahead of us that, when we know how much money we need on hand in order to lead a fairly comfortable retired life, it becomes easy for us to reach that financial goal. Use our retirement corpus planning calculator and have a visibility on the amount of money you need to have upon retiring
What factors can influence how much money one needs after retiring?
There are many factors that will influence how much retirement corpus one needs – the age of the person, the age of retirement, the current expenses incurred by the person, the number of people dependent on him or her, and the rate of inflation, etc are some prominent ones.
Why is inflation a deciding factor in the calculation of retirement corpus?
As inflation increases, the price of daily essentials and medicines increase. This means that you will need more money than what you need today to buy the same amount of grocery. So the value of your money will decrease – hence the value of your retirement corpus will decrease too. This is why our retirement corpus calculator takes inflation into account.
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