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Calculate cost of living
This calculator helps you calculate your cost of living in any future year based on your projected lifestyle and adjusted for your expected annual rate of inflation.

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How much to save for retirement

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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	What is your current age?
	At what age do you plan to retire?
	What's your Current Monthly Expense Profile?	Current Expenses Calculator
	Inflationary Expenses (per month)
	Non-inflationary Expenses (per month)
What % of these expenses do you expect to incur when you retire
	Inflationary Expenses	%
	Non-inflationary Expenses	%
	Estimate the annual inflation rate from now until

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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In addition to your other income, you will require Rs 40,243 from investment income to pay for your monthly expenses in your year of retirement.

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	Compute your cost of living in the year
	Whats your family's monthly expense profile?	Current Expenses Calculator
	Inflationary (per month)	(Rs)
	Non inflationary (per month)	(Rs)

	At today's cost what would you like to add or deduct to these expenses in the year for which you are calculating cost of living
Inflationary (per month)
	Add to above per month	(Rs)
	Deduct from above per month	(Rs)
Non inflationary (per month)
	Add to above per month	(Rs)
	Deduct from above per month	(Rs)
	Estimate the annual inflation rate from now


In addition to your other income, you will require Rs 40,243 from investment income to pay for your monthly expenses in your year of retirement.
	What annual pre-tax return do you expect your financial wealth to earn?	%
	What is the average tax rate you expect to pay on investment returns in retirement?	%
	What rate of inflation do you believe will prevail in the years of your retirement?	%


You will need Rs 40,243 per month for your expenses in the year you retire. This amount relates only to the retirement year. Inflation will increase this considerably in each of the following years.
	What % of these expenses will be met from sources besides your retirement fund?	%

Yes	No
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