Retirement planning answers: how much money do I need at age 60 and how much to save each month starting today? Rising life expectancy and inflation make this essential for salaried Indians.
Steps to estimate
- Estimate monthly expenses after retirement (today's rupees)
- Adjust for inflation until retirement age
- Multiply by years in retirement (e.g. 25 years)
- Subtract expected EPF, NPS, pension
- Gap = corpus you must build via SIP/mutual funds
Inflation matters
₹50,000/month lifestyle today may cost ₹1.5 lakh+ in 20 years at 6% inflation. Always include inflation in planning.
Tools on Master Calc
Retirement Planning Calculator for corpus and SIP needed. NPS Calculator for pension leg. SWP Calculator for post-retirement withdrawals.
Disclaimer: Illustrative planning only. Consult a financial planner for personal advice.