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RESUME APPLICATION PAY PREMIUM

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Retirement Calculator

Calculate Your Retirement Corpus

Tax savings of up to 46,500/-18

Market Linked Returns

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You need to start saving Rs. XXXX every month for X
You need to start saving Rs. XXXX every month for X

Rate of Inflation

4 4 15

Step-by-step guide to use Retirement Planning Calculator

1. Enter Your Date of Birth (DOB)


Enter your date of birth in DD/MM/YYYY format. 

2. Choose Your Investment Type


Select the investment type that best suits your financial goals:

  • Safe Investments – PPF, Fixed Deposits, Life Insurance, etc.

  • Aggressive Investments – Mutual Funds, Stocks, ULIPs, etc.

3. Enter Your Current Monthly Expenses (₹)
 

Provide details of your monthly expenses to assess the financial requirements you’ll have post-retirement.

4. Provide Your Mobile Number
 

Enter your mobile number in the given field. 

5. Enter Your Full Name
 

Fill in your full name in the provided fields. 

6. Click on ‘Check Returns’
 

Once you enter the required details, the calculator will estimate:

- Total Retirement Corpus Needed
- Monthly Savings Required

7. Adjust Inflation Rate & Plan Your Retirement
 

Use the scrollable scale 4% to 15% to factor in inflation and get idea of the retirement fund you need. Find out how much you need to save each month and for how long. Click ‘Plan for Retirement’ button to explore our plans and find the best investment options for you. 

Calculating Benefits using our Retirement Calculator

Explore how a retirement corpus calculator works, including the formulas, and methods for calculating your retirement corpus, and how it helps you achieve your retirement goals.

Below are the calculated values, provided for illustrative purposes.

Retirement Planning Factors

Details 

Current Age

40 years

Current Monthly Expenses

Rs. 30,000

Inflation Rate

5%

Investment Types

Aggressive Investment 

Rate of return

15%

Investment Duration

20 years

Required Retirement Corpus

2.39 crore

Monthly Savings Needed

Rs. 14,161 


As per the formula, the individual has 20 years of active earning and savings before retirement. Given the assumed inflation rate of 5%, the projected corpus required to sustain post-retirement expenses is Rs. 2.39 crore. To achieve this, a disciplined monthly investment of Rs. 14,161 is necessary. This will ensure financial stability and help combat the effects of inflation, securing a comfortable retirement.

Terms related to retirement calculator

It is your current age or your age in years as of today.

This is the age at which you typically retire from work and begin withdrawing from your retirement savings.

It refers to the number of years a person expects to live.

The money required to maintain a comfortable lifestyle, including costs for food, housing, transportation, and healthcare.

Inflation reduces purchasing power over time, increasing future expenses. It refers to the annual rise in the cost of goods and services.

Investment type refers to the financial assets used for retirement savings, such as stocks, bonds, or mutual funds.

The retirement corpus is the total amount of money you need by retirement age to maintain your desired lifestyle.

This refers to the fixed amount you will have to invest each month to accumulate your desired retirement corpus.

What are the factors that impact your retirement planning calculation?

Several critical factors influence your calculations on retirement planning calculators, each playing a key role in determining how much you need to save and invest to achieve financial security. Understanding these variables ensures a more accurate and realistic retirement plan. Read below to understand these factors.

Inflation Impact

Inflation Impact

Over time, inflation reduces the buying power of money, raising your living expenses. Your retirement corpus can be greatly impacted by even a moderate 6% inflation rate. For example, a monthly cost of Rs. 50,000 today can increase to Rs. 1,60,000 after 20 years. To guarantee that your investments hold their value over time, you must include inflation in your retirement planning.

...Read More

Investment Returns

Investment Returns

The returns on your assets have a significant impact on the growth of your retirement corpus. Increased returns may accelerate the buildup of the corpus, particularly from stock investments. But risk also comes with returns, and safer choices like bonds or fixed deposits could not gain as much. Returns can be maximised with a well-balanced portfolio that matches your financial objectives and risk tolerance.

...Read More

Tax Implications

Tax Implications

Taxes on your income, investment, and withdrawal can have a significant impact on your retirement funds. For instance, certain products, such as debt funds or fixed deposits, give tax-free returns, while others, like the Public Provident Fund (PPF), offer taxable returns. Organizing tax-efficient withdrawals and investments helps you maximize your post-retirement income while safeguarding your corpus.

...Read More

Life Expectancy

Life Expectancy

A longer retirement period due to greater life expectancies needs a larger corpus to cover expenditures. Your funds must last for the next 25 – 30 years you anticipate living after retirement.

...Read More

Healthcare Costs

Healthcare Costs

When budgeting for retirement, healthcare costs are frequently underestimated and tend to increase with age. Unexpected medical bills will not drain your money if you take into account growing medical expenditures and have enough health insurance.

Overall, by addressing these factors, you can make well-informed retirement calculations, ensuring financial stability and peace of mind during your golden years.

...Read More

Factors Affecting Your Retirement Calculations Factors Affecting Your Retirement Calculations

Retirement Plans by HDFC Life

Our top recommended solutions depending on age and goal

  • In this policy, the investment risks in the investment portfolio is borne by the policyholder

    HDFC Life Click 2 Retire

    UIN: 101L108V05

    A market linked retirement plan that helps you plan early to achieve your retirement goals.

    UIN: 101L108V05

    A market linked retirement plan that helps you plan early to achieve your retirement goals.

    Key Features*
    • Start your Retirement Plan at as low as ₹ 2000 per month
    • Maturity age starts as early as 45 years
    • Secure your retirement with Assured Vesting Benefit and also gain from upside in the market
    • Limited Pay & Single Pay – Options available in one product
    • Start your Retirement Plan at as low as ₹ 2000 per month
    • Maturity age starts as early as 45 years
    • Secure your retirement with Assured Vesting Benefit and also gain from upside in the market
    • Limited Pay & Single Pay – Options available in one product
    Check Returns Check Returns EXPLORE PLAN
    Pension Plan

  • HDFC Life Smart Pension Plan

    UIN: 101L164V06

    A Unit Linked, Non-Participating Individual Pension plan that ensures you have a regular income and lead an independent life without compromising the standard of living after you retire

    UIN: 101L164V06

    A Unit Linked, Non-Participating Individual Pension plan that ensures you have a regular income and lead an independent life without compromising the standard of living after you retire

    Key Features*
    • Avail of Automatic Asset Re-balancing and Systematic Transfer strategies to safeguard your wealth against market volatilities.
    • Life insurance cover to the extent of 105% of total Premium(s) paid including top-up premium
    • To build a retirement corpus
    • Flexibility to alter vesting date and premium payment term
    • Loyalty additions3
    • Avail of Automatic Asset Re-balancing and Systematic Transfer strategies to safeguard your wealth against market volatilities.
    • Life insurance cover to the extent of 105% of total Premium(s) paid including top-up premium
    • To build a retirement corpus
    • Flexibility to alter vesting date and premium payment term
    • Loyalty additions3
    CALCULATE PREMIUM CALCULATE PREMIUM EXPLORE PLAN
    New Fund Launch

  • HDFC Life Sanchay Aajeevan Guaranteed Advantage Plan

    UIN: 101N208V01

    A Non-Linked, Non-Participating Individual Savings Pension Plan designed to help you build wealth for your future goals while providing a lifelong guaranteed income, with interest rates fixed at the start of the policy.

    UIN: 101N208V01

    A Non-Linked, Non-Participating Individual Savings Pension Plan designed to help you build wealth for your future goals while providing a lifelong guaranteed income, with interest rates fixed at the start of the policy.

    Key Features*
    • Lock-in Income rates3 at inception to get guaranteed income2 post maturity
    • Life cover for both Single and Joint Life
    • Partial Withdrawals4 and policy loans available to provide liquidity
    • Guaranteed1 Additions to boost your maturity corpus.
    • Lock-in Income rates3 at inception to get guaranteed income2 post maturity
    • Life cover for both Single and Joint Life
    • Partial Withdrawals4 and policy loans available to provide liquidity
    • Guaranteed1 Additions to boost your maturity corpus.
    CALCULATE PREMIUM CALCULATE PREMIUM EXPLORE PLAN

FAQs on Retirement Calculator

1 What is a retirement calculator?

By factoring in your age, income, expenditures, and investment returns, among other things, a retirement calculator can help you estimate how much money you will need to save for retirement.

2 How much money do I need to retire in India?

With inflation on a high and interest rates consistently dipping, it is imperative to have a sizeable retirement fund. According to financial experts, a minimum of Rs. 1 crore retirement corpus is essential to lead a comfortable life.

3 Why should you plan your retirement?

It is critical to prepare for retirement if you want to feel financially stable and comfortable in your years after work. In doing so, you will better plan for the future, save more, and maximize your retirement benefits.

4 Is Rs 2 crore enough to retire in India?

Every individual has different requirements for a comfortable retirement. As a ground rule, financial experts suggest that the retirement corpus must be at least 30 times your annual income.

5 Are retirement calculators accurate?

Retirement calculators are an effective tool that help you understand the amount you must save post-retirement. This is done by taking in personal details, information related to current income, savings as well as investments.

6 How to retire in 10 years?

If you want to retire in the next decade, start by reducing your spends and increasing your income. You could take up a side hustle to supplement your primary income.

7 How can retirement planning help with my future medical expenses?

You can prepare for future medical expenses by estimating their cost, researching coverage options like Medicare, and setting aside money during retirement.

8 How much of my retirement benefit is taxable?

Distributions from traditional accounts and Social Security benefits are often taxable, though this varies by account type and income level. Consulting a tax expert can provide you with personalized guidance.

9 I work in a privately owned company. Should I have a private retirement plan?

Yes. If you want to make your future secure and want to get peace of mind, you should have a private retirement plan.

10 What should your Retirement Objectives be?

The main objective of your retirement is to become financially independent and to maintain the same living standards.

11 When should you Plan to Retire?

Traditionally, a person retires at 60 years of age and unofficially the retirement age is 65. However, the actual retirement age depends on your life expectancy, health, individual circumstances and wealth.

12 How to find my retirement age?

In India, the retirement age is 60 for government employees. For those in the private sector, it generally falls between 58 and 65, depending on company policy. Self-employed individuals set their own retirement age.

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We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.

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Disclaimers

1. The word “Guaranteed” and “Guarantee” mean that annuity payout is fixed once the policy has been purchased.

2. Guaranteed income is provided only if variant 2 is opted

3. Lock in – Applicable if Variant 2 - With Guaranteed Income variant is chosen.

4. Allowed only after completion of 3 years from commencement of policy, upto 3 times during policy term, maximum upto 25% of the total premiums paid, subject to receipt of all due past premiums or if Waiver of Premium (WOP) benefit has been triggered

5. As per Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.

18. Save 46,800 on taxes if the insurance premium amount is Rs.1.5 lakh per annum and you are a Regular Individual, Fall under 30% income tax slab having taxable income less than Rs. 50 lakh and Opt for Old tax regime.

~ This is the return of the benchmark index fund and not indicative of HDFC Life Top 500 Momentum 50 Pension fund performance (SFIN-ULIF07702/12/24Top500MoPF101). Source:  https://www.nseindia.com/

The Linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to surrender/withdraw the monies invested in Linked Insurance Products completely or partially till the end of fifth year.

Life Insurance Coverage is available in this product. For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale. Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions.

HDFC Life Insurance Company Limited is only the name of the Insurance Company, HDFC Life is only the name of the brand. The name of the company, name of the brand and name of the contract does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns

HDFC Life Guaranteed Pension Plan (UIN: 101N092V16) is a non-linked non-participating pension plan. Life Insurance Coverage is available in this product

This interactive does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. HDFC Life Insurance Company Limited or any of its affiliates/ group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information reported by the interactive.

The information being provided through this interactive is provided for your assistance/ information only and is not intended to be and must not alone be taken as the basis for an investment decision (“Information”). The recipient/ user assume the entire risk of any use made of this Information. Each recipient /user of this interactive should make such investigation as it deems necessary to arrive at an independent decision while making an investment and should consult his own advisors to determine the merits and risks of such investment. The investment discussed or views expressed may not be suitable for all investors. HDFC Life Insurance Company Limited and its affiliates, group companies, sales staff, financial consultants, officers, directors, and employees may have potential conflict of interest with respect to any recommendation, related information or opinions.

This Information should not be reproduced or redistributed or passed on directly or indirectly in any form to any other person or published, copied, in whole or in part, for any purpose. This Information is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject HDFC Life Insurance Company Limited and its affiliates/ group companies to any registration or licensing requirements within such jurisdiction. The distribution of this Information in certain jurisdictions may be restricted by law, and persons in whose possession this Information comes, should inform themselves about and observe, any such restrictions. The Information given in this interactive is as of the date of this report and there can be no assurance that future results or events will be consistent with this Information. This Information is subject to change without any prior notice. HDFC Life Insurance Company Limited reserves the right to make modifications and alterations to this statement as may be required from time to time. However, HDFC Life Insurance Company Limited is under no obligation to update or keep the Information current.

Neither HDFC Life Insurance Company Limited nor any of its affiliates, group companies, directors, employees, sales staff, financial consultants or representatives shall be liable for any damages whether direct, indirect, special or consequential including health, physical well being, lost revenue or lost profits that may arise from or in connection with the use of the Information. Past performance is not necessarily a guide to future performance.

ARN -  ED/04/25/22868