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Plan your Retirement
Graphics: Vaibhav Shirke
The Retirement Planner will help you understand how much you need to grow your wealth before you retire and how to plan for it. For ease of use, this tool is divided into four sections. Estimate your cost of living in retirement, the investment returns required and the financial wealth you need to build, prior to retirement. Also, arrive at a personalised savings plan.
Step 1: Estimate your cost of living in retirement
In this section, you need to first estimate what your expense profile is likely to be when you plan to retire.
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Step 2: Estimate investment returns needed
This section will help you calculate how much investment income you will need in order to meet your cost of living when you retire.
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Step 3: Compute wealth needed prior to retirement
Compute what level of financial wealth you need to fund your retirement expenses by the time you are retired.
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