What is a retirement calculator?
The retirement calculator helps you calculate the amount of money you will require after you retire from your paid work. The calculator collects information like age, current monthly income, savings, expenses, investments and desired retirement age.
How much money will you require for a safe retirement in India?
The money you require after retirement will depend on your expenses and savings. For instance, if you plan your retirement in 25 years, your annual income is 12,00,000 and the inflation rate is 7%. Assuming that your expenses may reduce by 60% the required retirement corpus will be approximately 3.6 crores.
What is a retirement budget and how to prepare for it?
Retirement will increase your expenses. Your expenses on food might reduce. However, medical bills may increase.
To enjoy a peaceful and happy retired life, it’s important to settle all your liabilities. Pay off your bills like home and car loans and any outstanding credit card bills to enjoy a smooth retirement life.
What to do post-retirement?
Plan for your post retirement life. Start saving for it as early as posible as this will determine your retirement corpus.
Working for thirty years can have an impact on your health as well. Make sure you account and plan for your health too while planning your post retirement life.