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Calculate how much you need for a comfortable retirement

Tell us about yourself :

Your current age

18 years

60 years

Age you want to retire

Life expectancy

What is retirement planning?

Retirement planning refers to the finances you plan to accumulate when you finally choose to retire.. Planning for retirement can start from the very day you receive your first salary. However, the factor of inflation needs to be taken into account as well because inflation erodes the value of money.

You must choose to invest in financial instruments that may offer returns above inflation over time. It helps you accumulate the finances required to enjoy a quality lifestyle in retirement. Retirement planning must include a valuation of the expenses in retirement, also determining the time horizon for your retirement, assessing the risk appetite and tax efficiency of your investments.

What is a retirement planning calculator?

A retirement planning calculator is a kind of utility tool that helps to estimate or calculate the amount of money you need after retirement. It helps your investments to accumulate the desired retirement corpus at the time of retirement. The retirement planning calculator serves a major purpose— i.e. to show you the amount of money you need to maintain your current lifestyle after retirement.

How Does The Retirement Planning Calculator Help?

The retirement calculator helps in understanding how much you would need in order to ensure that you lead a life of comfort once you are retired. However, the online retirement calculator requires specific details to be able to give you a calculated amount – as to how much you will require. Basic details such as present age, retirement age, and of course life expectancy are mandatory in order to understand the requirement. Along with it, monthly expenses will be taken into consideration to come to a conclusion regarding retirement planning corpus.

Personal details such as marital status, dependents, habits also need to be captured in estimating the total retirement corpus.

Disclaimer

The calculator, based on assumed rate of returns, is meant for illustration purposes only. Please get in touch with a professional advisor for a detailed suggestion. The calculations are not based on any judgments of the future return of the debt and equity markets / sectors or of any individual security and should not be construed as promise on minimum returns and/or safeguard of capital. In the preparation of the calculator, AMC has used information that is publicly available and information developed in-house. Information gathered and material used in this calculator is believed to be from reliable sources. AMC however does not warrant the accuracy, reasonableness and/or completeness of any such information. While utmost care has been exercised while preparing the calculator, AMC does not warrant the completeness or guarantee that the achieved computations are flawless and/or accurate and disclaims all liabilities, losses and damages arising out of the use or in respect of anything done in reliance of the calculator. The examples do not purport to represent the performance of any security or investments. In view of individual nature of tax consequences, each investor is advised to consult his/ her own professional tax advisor before taking any investment decision. The sponsor, the AMC, the Trustee or any of their directors, employees, affiliates or representatives (“entities & their affiliates”) do not assume any responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such information.
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ESTIMATE HOW MUCH YOU WILL NEED WHEN YOU RETIRE

All you need to know about Retirement Calculator