Retirement Planning Calculator
Estimate how much will you need when you retire
What is a Retirement Calculator?

A retirement calculator is an online tool designed to help you estimate your retirement needs.
It calculates how much money you need to save for a comfortable retirement based on factors such as your current age, desired retirement age and annual income.

What are the Benefits of using an Online Retirement Calculator?
What are the Benefits of using an Online Retirement Calculator?
Precise Estimates
A retirement calculator provides an estimate of how much you need to save for your retirement, helping you plan effectively and avoid financial shortfalls later.
Importance of retirement planning as per age
How does a Retirement Calculator help in Planning your Retirement?
Benefits of using retirement calculator
Using a retirement calculator helps in planning for life post-retirement.
You can assess how much post-retirement income will be enough to maintain
your present lifestyle.
Using a retirement calculator helps in planning for life post-retirement. You can assess how much post- retirement income will be enough to maintain your present lifestyle.


Provides financial clarity on how much income you will have post-retirement.

Helps you consider the effects of inflation and compare different yields earned through varying interest rates.

You can see how much corpus you can earn at 4%, 6%, or 8% rates per year and compare the returns yielded by different retirement plans.
3 Quick steps for Retirement Planning
Before you use a retirement calculating tool, you need to first assess some factors at your end. To simplify the process, follow this quick 3-step approach:
Note down your present monthly or yearly expenses. Add everything you spend your money towards – groceries, bills, utilities, loan repayments, and so on. Keep this amount aside. Note down how much you save. Now, envision how much you will spend on these expenses once you have retired.
Once you have an approximate amount, multiply it with the inflation rate during your retirement age. Let’s say, the inflation rate will be 6%. So, the additional post-retirement expenses in the next year would be = annual expenses x inflation rate (6%). Let’s put this in numbers to explain this a bit better.
Let’s say you retire at 60. The average life expectancy rate at birth in urban India is 72.6 *. Now, let’s say your annual expenses at age 60 are ₹ 4 lakh per year. With inflation, they will keep increasing each year. So, from the age of 60 till age 72, assuming a 6% rate of inflation, your annual expenses will look like:
Age | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Annual expenses | 4,00,000 | 4,24,000 | 4,49,440 | 4,76,460 | 5,01,991 | 5,35,290 | 5,67,408 | 6,01,452 | 6,37,439 | 6,75,792 | 7,16,339 | 7,59,319 | 8,04,879 |
Assumed Inflation at 6% | 24000 | 25,400 | 26,966 | 28,584 | 30,299 | 32,117 | 34,044 | 36,087 | 38,252 | 40,547 | 42,980 | 45,559 | 48,293 |
Total money accounting for inflation needed next year | 4,24,000 | 4,49,440 | 4,76,460 | 5,01,991 | 5,35,290 | 5,67,408 | 6,01,452 | 6,37,439 | 6,75,792 | 7,16,339 | 7,59,319 | 8,04,879 | 8,53,171 |
3 simple steps to use ICICI Prudential's retirement calculator tool
Once you have a rough idea of how much post-retirement income you will get, you can assess how much you should set aside to invest in a retirement plan. Here is where the retirement calculating tool will help you.