• Webpages
  • Documents
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment

For NRI Customers

(To Buy a Policy)

(If you're our existing customer)

For Online Policy Purchase

(New and Ongoing Applications)

Branch Locator

For Existing Customers

(Issued Policy)

Fund Performance Check

Retirement/Pension Calculator

Calculate how much you need to grow your wealth to ensure a smooth and hassle free post retirement life with HDFC Life's Retirement Planning and Pension Calculator.


18 18 50
40 40 60

Benefits of Retirement Calculator

Retirement calculators are handy tools that help you plan your finances for a hassle-free retired life. Here’s a look at all the benefits of using a retirement calculator:
  • Helps You Plan Your Finances

    Helps You Plan Your Finances

    The most important function of the calculator is to tell you how much you need to save up for your retirement. It will tell you if your current plans are falling short, so you can take corrective measures to secure your future.

  • Provides Financial Clarity

    Provides Financial Clarity

    If you already have a retirement plan in place, the calculator can help you gain clarity on how much you could end up with when you retire. Once you input the relevant details, it will let you know what kind of monthly income you could enjoy in your golden years.

  • You Can Compare Your Options

    You Can Compare Your Options

    You can use the online calculator to understand what kind of retirement corpus different plans will offer you. You can then choose the kind of retirement plan that best suits your financial needs.

  • Free & Easy to Use

    Free & Easy to Use

    The retirement calculator is a simple tool to use. It doesn’t require any technical knowledge. It’s also free. Once you input the details, it will instantly show you how much you need to save up for your retirement.

How Much to Save Up for Retirement 

Generally speaking, working individuals are advised to save 10-15% of their pre-tax income to put away in retirement plans. This is a good place to start, but it may not be enough for your retired life. Understanding how much to save up for retirement can be tricky. First, you must keep track of your current outgoings. This includes your monthly living expenses as well as other leisure or medical expenses. You should then adjust this for your retired years. Your expenditure may reduce to 75% of what it is now. Once you understand how much these things cost you today, you can use an approximate rate of inflation and your life expectancy to understand the amount you will need to live a comfortable and hassle-free retired life.


1 What is a retirement calculator?

A retirement calculator is a simple tool that allows you to figure out how much money you will need after you retire from paid, active work.

The retirement calculator takes personal details like age and desired retirement age, details of current income, savings and investments, and expenses. Based on these details, it calculates how much money you will need to grow your wealth for a hassle-free post-retirement life.

The pension calculator then helps you choose the right pension plan you can start investing in towards meeting your financial goals post retirement.

2 How pension is calculated?

Pension is calculated on the basis of an estimate of expenses you will incur on a regular basis once you retire from paid work.

An online retirement calculator takes into consideration age, expected retirement age, current income and savings details. This enables it to get an estimate of the savings you will tote up once you opt for retirement. It will also be able to tell you whether it will be enough to cover your expenses in your golden years.

Based on these details, the online pension plan calculator will make an assessment about your estimated monthly expenses after your retirement.

3 What will be my pension when I retire in india?

You are entitled to a fixed pension if you are a government employee. People working in private organisations and making PF contributions are eligible for pension under the Employees' Pension Scheme (EPS) on fulfilment of some terms and conditions.

In all other cases, you need to provide for your own pension after retirement. This can be done by investing in a pension plan while still working. The amount of pension you get after retirement will depend upon the amount you invest in the pension plan regularly, among other factors.

4 How much money do I need to retire?

The amount of money needed to retire differs from person to person.

You can know how much money you will need to retire by -

  • Calculating how much your expenses will be once you retire
  • Your post retirement plans like traveling around the world or taking up a sport, a hobby etc
  • The number of dependents on you whom you need to support financially
  • Unforeseen expenses that can crop up in old age

The money you need to retire is a corpus that takes care of regular needs plus unforeseen expenses.

5 What should I consider when planning for retirement?

The factors you should consider when planning for retirement are -

  • Identify your financial and retirement goals
  • Correctly assess your current financial situation
  • Plan a sound investment allocation strategy
  • Take factors like longevity, inflation and unforeseen medical expenses into consideration

Taking these factors into account, you can then decide the age you should retire. Early retirement is a desirable goal, but it can be achieved only if you have invested and saved substantially during the early part of your career.

6 How to calculate retirement corpus in India?

The amount of money you will need on a regular basis for your daily livings costs plus unforeseen costs and costs incurred on luxuries should constitute your retirement corpus.

To estimate your retirement corpus

  • Draw up a list of your total expenses you currently incur
  • Identify goals post retirement
  • Make provision for a healthcare budget
  • Make an estimate of your expected income after retirement – this can include pension under EPS, income from fixed deposits etc.

You can either do all this manually, or can do it in a simpler way with the aid of an online retirement calculator.

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 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 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 reserves the right to make modifications and alterations to this statement as may be required from time to time. However, HDFC is under no obligation to update or keep the Information current.

Neither HDFC 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: EU/07/21/24473