Find
Most people guess ₹1 crore. Most people are wrong. With 6% inflation, ₹1L monthly expense today needs ₹3.2L at age 60. Your corpus must fund 25-30 years. Calculate your actual target, then work backward to today's SIP.
Personal finance · Retirement Planning
Retirement Corpus Calculator: Your Real Number
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Provisions
NPS, Sec 124 (old 80CCD); PPF, Sec 10(11); EPF, Sec 10(12); SCSS, Sec 123 (old 80C)
Analysis
The inflation shock: ₹60K expenses today → ₹1.93L/month at retirement (20 years, 6% inflation). Most people plan for today's expenses, not future expenses. Always inflation-adjust. 25× rule: Corpus = 25 × annual expenses (at retirement). Assumes 4% safe withdrawal rate (8% return − 4% inflation). For India with 6% inflation: use 30× for safety. NPS is the only retirement instrument in the new tax regime: Sec 124, Income-tax Act 2025 (old Sec 80CCD(2)) employer contribution (14% of basic) deductible even in new regime. If basic = ₹80K: ₹13,440/month = ₹1.61L/year deduction. One email to HR = ₹48,000 saved annually. EPF timing: EPF withdrawal before 5 years = fully taxable. Let it run. Transfer on job change (Form 128, old Form 13). Do not withdraw unless emergency. NPS, Sec 124 (old Sec 80CCD): National Pension System: Tier I, ₹500/yr minimum, tax deduction Sec 124 (old Sec 80CCD(1)) up to ₹1.5L + 80CCD(1B) ₹50K extra.
Close
- Compute corpus needed (use calculator above)
- List existing corpus: EPF balance + PPF + NPS Tier I + MF + FD
- Project all to retirement date using 12% equity, 8% debt returns
- Gap = corpus needed − projected existing
- Start monthly SIP for gap amount. Step up 10% every April.
- NPS: activate Sec 124 (old Sec 80CCD(2)) via employer HR today if not done
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