Retirement 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.

Current Age
Desired Retirement Age
Your Annual Income
Income Growth Rate
Current Savings for Retirement
Don't include savings earmarked for other goals such as child education, marriage
Please specify the investment type
Regular Bills
Based on the details provided by you following are the results
Rate of Inflation
Interest Rate
You need to start saving Rs. every month for years.

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Knowledge Center


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.

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.

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.

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.

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.

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 (Formerly HDFC Standard 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.

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