Retirement Readiness Score
Find out if you are financially prepared for your golden years. Evaluate your savings, estimate required corpus, and get your readiness score.
Your Details
Expenses you want to maintain in retirement
Assumptions
Your Readiness Score
Excellent: You are well on track for a comfortable retirement.
Projected Retirement Corpus
₹12,41,97,486
Based on your current savings and SIPs
Required Retirement Corpus
₹7,71,48,478
Amount needed to sustain lifestyle
Est. Monthly Expenses
₹2,87,175
At age 60
Time to Retire
30 Years
Years left to invest
Retirement Phase
25 Years
To sustain corpus
Projected vs Required Corpus
Understanding Your Retirement Readiness
Planning for retirement is arguably the most critical financial goal. A Retirement Readiness Score gives a clear, objective measure of whether your current savings habits are enough to sustain your lifestyle after you stop working.
Why Inflation Matters
Inflation silently erodes purchasing power. If your monthly expenses are ₹50,000 today, an average 6% inflation means you will need about ₹2.8 Lakhs every month 30 years from now just to buy the exact same things.
How to Improve Your Score
- • Increase your monthly SIP contributions.
- • Delay your retirement by a few years.
- • Optimize portfolio for slightly higher returns.
- • Reduce your current lifestyle expenses.
Frequently Asked Questions
What is a Retirement Readiness Score?
A Retirement Readiness Score is a simple metric (from 0 to 100) that indicates how well-prepared you are for retirement. It compares your projected retirement savings against the estimated total corpus you will need to maintain your lifestyle after you stop working.
How is the Required Corpus calculated?
The Required Corpus is calculated by first inflating your current monthly expenses to estimate what things will cost when you retire. Then, it uses life expectancy, post-retirement investment returns, and inflation to determine the lump sum needed to strictly cover those inflated expenses throughout your retired life.
What should I do if my score is low?
If your score is low, you can improve it by increasing your monthly contributions, reducing current expenses, retiring later to increase your saving years, or investing in instruments that safely yield a higher return.
Is inflation really that important?
Yes! At just 6% inflation, your expenses double approximately every 12 years. If you spend ₹50,000/month today, you'll need over ₹2.8 Lakhs/month for the same lifestyle 30 years from now. This calculator automatically accounts for this.