What is Retirement Goal Planning?
Retirement goal planning involves calculating how much money you need to save to maintain your desired lifestyle after retirement. It considers factors like inflation, life expectancy, and investment returns.
Why Plan for Retirement Early?
Early retirement planning gives you the advantage of compound interest and more time to build your corpus. It reduces financial stress and helps ensure a comfortable retirement.
Factors in Retirement Planning
Key factors include current age, retirement age, expected expenses, inflation rate, and investment returns. These determine how much you need to save monthly to reach your retirement goals.
How to Use This Calculator
Enter your desired retirement corpus, current age, retirement age, and expected return rate. The calculator will show you the required monthly investment and potential growth of your savings.