Yrs
Current Annual household expenses (excluding EMIs)
40 Years 70 Years
Yrs

Time to Retirement
Yrs

Long term interest rate (Interest You will Receive on Your Savings in Future)

%
4% 14%

Long term inflation rate (Increase in Prices of Goods & Services)

% %
4% 14%

RRR (Real Rate of Return = inflation adjusted return)

%
Pension requirement
60 Years 100 Years
Yrs

Retirement Period

Yrs
Retirement Corpus
Total PF Value as on today
Total Savings as on today
Future Value of PF + Savings (if not withdrawn till retirement age)
Net GAP in RETIREMENT CORPUS
Annual Savings Required for Retirement
Monthly Savings Required for Retirement

I authorize IndiaFirst Life Insurance Company Ltd and its representatives to contact me through Call, Email, SMS or WhatsApp. This consent overrides my registration under DNC / NDNC (this would mean we would contact you even if you are registered on any Do Not Disturb list).

RETIREMENT PLANS

INDIAFIRST
GUARANTEED RETIREMENT PLAN

Buy Online

INDIAFIRST
IMMEDIATE ANNUITY PLAN

GET A QUOTE

INDIAFIRST LIFE
GUARANTEED ANNUITY PLAN

BUY ONLINE

WHAT IS A RETIREMENT PLANNING CALCULATOR?

Retirement planning is a science that utilizes a pension calculation formula to arrive at an estimate of the corpus you would need to retire peacefully. Instead of scrambling at the last minute, use a pension planner and take the necessary steps to create a substantial retirement fund today. You are never too young to plan for your later years.

A retirement calculator uses a pension calculation formula to show you the benefits of saving for your retirement earlier on in life. The power of compounding amplifies the amount you have put aside for your future. So, even if you start early with small amounts of money, the investment snowballs into a large enough corpus to meet your retirement needs.

A retirement planning calculator or pension calculator is a pension planner utility tool that shows you where you stand today and how much you will need to enjoy a quality lifestyle post-retirement. A retirement planning calculator also helps you plan the right investments to arrive at the desired pension fund at the time of your retirement.

While your professional income will cease at retirement, life goes on, and expenses still need to be paid. A pension plan calculator estimates your future costs and financial requirements. Using a retirement corpus calculator, you arrive at a number that you can reverse engineer your investments from.

ONLINE CALCULATIONS USING A RETIREMENT PLANNER

Financial planning does not get easier than using a retirement calculator online—input basic details about your current and future finances and sit back while the pension calculator applies the pension calculation formula to your particular situation. The result of using a pension planner is that you get to see how much income you will require annually in your retirement years and how much more you need to put aside today to ensure a peaceful and independent future. A retirement calculator also sheds light on the types of financial instruments that can help you achieve your retirement planning goals.

PENSION CALCULATION FORMULA

The pension calculation formula considers the present value of income, expected rate of inflation, and the time left for you to save before you retire. Using a pension calculation formula, the retirement planning calculator shows you how much annual income or future value you are required to create in your retirement years. The basic pension calculation formula is FV=PV(1+r) ^n, where FV stands for future value/income, PV is present value/income, r is the expected rate of inflation, and n is the time left before retirement.

While you can use the formula to manually do the math, a pension planner saves time and energy. A monthly pension calculator also eliminates the risk of doing the math wrong as the process is fully automated with a retirement calculator online. Once you input your details, a smart retirement calculator will adjust your return rate on the corpus for inflation to show you how much savings you will have accumulated in time for your retirement.

HOW TO USE THE INDIAFIRST LIFE RETIREMENT PLANNING CALCULATOR?

The IndiaFirst Life retirement calculator is a handy tool that allows you to calculate how much annual income you will need at retirement if you want to maintain your current lifestyle. By utilizing a pension calculator formula at the backend, the IndiaFirst Life retirement calculator takes the guesswork out of pension planner tasks. Simply put in the required necessary information and allow the IndiaFirst Life retirement corpus calculator to be your retirement planner and guide.

Steps to use the retirement planner online:

  • Enter your age in years at this moment.
  • Provide your desired age at retirement.
  • Input your life expectancy, so the IndiaFirst Life pension calculator can arrive at how many years you would require pension earnings.
  • Enter your current income and required monthly/annual income post-retirement.
  • Adjust for inflation by selecting an expected inflation rate.

Let the retirement planning calculator apply the pension calculation formula to determine how much annual income you will need after retirement. By adding details such as existing retirement investments and their potential return rates (such as monthly provident fund contributions, shares, gold investments, land/property investments, mutual fund returns), you can get even more accurate retirement planner advice.

After considering all of these details, the IndiaFirst Life retirement planning calculator will suggest how much more you would need to invest and save towards your retirement corpus in the time you have.

Using the IndiaFirst Life retirement planner online is easy and free of cost. You can check the end results of multiple calculations with this pension calculator. All you have to do is answer the basic questions asked by the retirement calculator online by inputting the values in the designated boxes. The retirement planner calculator will display the values after applying the pension calculation formula in a matter of seconds.

The IndiaFirst Life pension planner and retirement calculator is a reliable tool specially designed to help you work out the precise amounts of money you need to save towards retirement every month starting from today. Planning for your retirement need not be a task full of trials and errors. Use the IndiaFirst Life retirement calculator to set your pension planner goals rights at the very first go.

WHAT ARE THE BENEFITS OF USING A RETIREMENT CALCULATOR?

An accurate pension planner is an essential tool to help you plan for a hassle-free retirement with ease. Since this retirement calculator tool is available online and is free for use, you can get your retirement plan chalked out in a few minutes. Invest your money around this retirement plan to make your way to a happy retirement.

There are many advantages to using the IndiaFirst Life retirement calculator online, such as:

GET ACCESS TO A SMART RETIREMENT PLANNER

The retirement fund calculator helps in planning your retirement finances. Whether you intend to travel the world during your retirement years or resettle in a quieter neighbourhood, you will need a certain amount of money to fulfil your dreams. The IndiaFirst Life pension planner is the handy tool you need to understand how much money you would need to live your best life even after your professional income ceases.

GET A CLEAR PICTURE OF YOUR FINANCES

The whole is greater than the sum of its parts. You already know how much you earn today, how much it would take to live comfortably post-retirement, and how much you have invested in creating a peaceful life for yourself and your loved ones in the future. The IndiaFirst Life retirement corpus calculator puts all of these stray details together, applies the pension calculation formula, and gives you a clear picture of the whole investment-return scenario.

REAP BENEFITS OF AN EASY-TO-USE RETIREMENT PLANNING CALCULATOR

Most of us are not math wizards. As such, it is vital for any retirement planner tool to be easy and straightforward to use. The IndiaFirst Life pension planner meets these needs. The investor details required are simple and straightforward ones that you know off the books—your current age, likely age at retirement, monthly income, monthly expenses, and existing investments. The pension calculation formula in the IndiaFirst Life pension calculator dishes out results in a matter of seconds.

SAVE YOUR TIME AND ENERGY

While you can plan your retirement manually, it can be a time-consuming and tiring process. You will first have to calculate how much you need to retire peacefully and then figure out what kind of investment can help you meet this financial goal. The pension calculator factors in all of the details and does the lengthy calculation within a few seconds.

DO A COMPARATIVE ANALYSIS

The end goal of retirement planning remains the same—to ensure that you have enough funds to live the rest of your life at the comfort level you are used to. However, there are many different ways to plan your retirement.

  • Is investing in a low-risk PPF investment enough?
  • Do you need to invest more aggressively in SIPs or mutual funds?
  • s a guaranteed pension plan the best option for you?

A retirement corpus calculator is your best friend when it comes to retirement planning. The IndiaFirst Life retirement planner offers you the advantage of comparing various financial instruments to see which ones help you get closer to your retirement goals. By telling you how you can modify your existing investments, this pension planner directs you towards better financial instruments to suit your retirement needs.

USE THE INDIAFIRST LIFE RETIREMENT CALCULATOR FOR FREE

Since the IndiaFirst Life retirement calculator is free to use as many times as you like, you can make the most of using a retirement calculator online. Get the monthly pension calculator to do the math as many times as you want to realign your current investments in tandem with your

HOW MUCH TO SAVE UP FOR RETIREMENT?

The general rule of thumb is that a working person should set aside at least 10-15% of their monthly income for retirement investments. While this is an excellent place to start your retirement plan, it may not be sufficient to meet all your financial needs post-retirement.

You also have to factor in how much your monthly income will reduce after your retirement. For most people, monthly income reduces by about 75% after retiring. By factoring in inflation rates, potential expenses, and the anticipated drop in revenue in the retirement planner, you can arrive at how much you need to save to be able to live a hassle-free retired life.

Most financial experts agree that a corpus of Rs. 1 crore earmarked for retirement is a good goal to aspire to. However, it is essential to keep in mind your specific expenses, income, and hopes for the future to get a retirement corpus value that fits your needs.

WHY DOES THE INDIAFIRST LIFE RETIREMENT PLANNER/PENSION CALCULATOR ASK FOR ESTIMATED LIFE EXPECTANCY?

The IndiaFirst Life pension planner calculates how much of a retirement corpus you will require to comfortably live your retired life. To do this, the retirement calculator needs to factor in how long the corpus has to last you. Suppose you retire at the age of 60 and estimate life expectancy up to the age of 85. In that case, the IndiaFirst Life retirement calculator has to calculate how much corpus you would require to manage those 25 years after retirement.

WHY DO I NEED TO USE A PENSION CALCULATOR?

A reliable retirement planner such as the IndiaFirst Life retirement calculator is essential to plan your retirement goals in a streamlined manner. A retirement planner works out how much you will need to sustain yourself in the future based on your current lifestyle and expenses. If you realise that the corpus you require is much larger than what you had initially anticipated, you can rework your investments to make sure they align with your retirement needs. Using a pension calculation formula is a time-consuming process that you can easily side-step by opting to use the IndiaFirst Life retirement calculator online.

WHAT ARE THE DETAILS REQUIRED TO USE A RETIREMENT CALCULATOR?

The information required by a retirement planner is simple and basic. It includes:

  • Your current age
  • Your age at retirement
  • Your estimated life expectancy
  • Your current annual income
  • The rate at which your income will increase annually
  • Current retirement savings and investment corpus
  • Types of investments that you currently hold
  • Total monthly expenses
  • The estimated rate of inflation

Once you provide these estimates, the retirement fund calculator does the hard work for you within seconds. By applying the pension calculation formula to the data provided, the IndiaFirst Life pension planner gives you an estimate of your retirement corpus goal. You also get an insight into your monthly savings goal to meet retirement needs and the variety of pension plans and avenues for investment.

Disclaimer

The data generated herein is completely and solely based on the information/details provided by you. These questions and the calculations thereon resulting in specific data are developed and based on certain tools and calculators that are made available to IndiaFirst Life Insurance and are based on pre-determined presumptions/assumptions. IndiaFirst Life Insurance, while providing and developing these tools, has relied upon and assumed, without independent verification, the accuracy and completeness of all information made available to it from public / private sources and vendors. IndiaFirst Life Insurance does not guarantee accuracy for the same. The information contained / data generated herein may be subject to change, updation, revision, verification and amendment without notice and such information/data generated may change materially.

The information and/ or intellectual property contained herein is strictly confidential, meant solely for the selected recipient, and may not be altered in any way, nor transmitted copied or distributed in part or in whole to any other person or to the media, or reproduced in any form without prior written consent of IndiaFirst Life Insurance or the relevant owner of the intellectual property as the case may be. The use of any information set out is entirely at the User's own risk. User should exercise due care and caution (including if necessary, obtaining advise of tax/ legal/ accounting/ financial/ other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained / data generated herein.