Basic Retirement Calculator - Plan Your Financial Independence

Our basic retirement calculator helps you quickly determine how much money you need to retire comfortably. This simple FIRE (Financial Independence, Retire Early) calculator is perfect for beginners starting their retirement planning journey.

Why Use Our Basic Retirement Calculator?

This straightforward retirement calculator uses the proven 4% rule to estimate your retirement corpus. Simply enter your annual expenses, and instantly calculate the amount you need to achieve financial independence and retire early.

Key Features:

How Much Do I Need to Retire?

The basic retirement calculator multiplies your annual expenses by 25 to determine your FIRE number. This calculation is based on the safe withdrawal rate of 4%, ensuring your retirement savings last throughout your lifetime while accounting for inflation and market volatility.

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Start your retirement planning today with our easy-to-use basic retirement calculator and take the first step towards financial freedom.

Finance Calculator

Basic Retirement Calculator

The below retirement calculator will help you with your financial planning, allowing to estimate the total savings needed for retirement based on your current expenses, savings, and investment returns. By inputting various financial details, such as current age, expected retirement age, monthly expenses, and current savings, the calculator can project the monthly investments required to accumulate the desired retirement corpus. This helps in strategizing investment decisions to ensure a comfortable retirement lifestyle.
Monthly expense
$
Current investment corpus
$
Your current age
Your expected retirement age
Life expectancy
Expected yearly returns on investment
%
Inflation rate
%
Expected returns after retirement
%
During retirement your monthly expense with 7% yearly inflation will become
$135,686
To retire today, you will need have an investment corpus of
$11,066,620
To handle your expenses post retirement for the next 35 years, at 50 you must have an investment corpus of
$43,179,515
To reach your target investment corpus you will need to monthly invest the following amount to you current corpus
$26,987
Investment and expense growth after retirement
The below chart shows the growth of your investments after deducting the inflation adjusted annual expenses. For example, in the first year, after deducting the planned expense of $135,686 * 12 months, from an investment of $43,179,515, the remaining $41,551,285 will grows by 9%, resulting in an investment corpus of $45,290,900. In the second year, the monthly expense would have increased by 7% due to inflation, leading to a deduction of $145,184 * 12 months, from the previous year's investment corpus. This cycle of deducting inflation adjusted expenses and accounting for the investment growth continues annually, each year.
Yearly ExpenseInvestment Balance50556065707580050M100M
AgeYearly ExpenseInvestment Balance
501,628,229.79245,290,900.375
511,742,205.87747,468,077.003
521,864,160.28949,708,269.218
531,994,651.50952,007,843.303
542,134,277.11554,362,187.145
552,283,676.51356,765,576.589
562,443,533.86959,211,026.565
572,614,581.2461,690,125.405
582,797,601.92664,192,850.592
592,993,434.06166,707,364.019
603,202,974.44569,219,784.635
613,427,182.65771,713,936.156
623,667,085.44374,171,067.278
633,923,781.42376,569,541.581
644,198,446.12378,884,494.049
654,492,337.35281,087,450.8
664,806,800.96683,145,908.319
675,143,277.03485,022,868.101
685,503,306.42686,676,322.225
695,888,537.87688,058,684.94
706,300,735.52889,116,164.86
716,741,787.01589,788,071.851
727,213,712.10690,006,052.123
737,718,671.95389,693,244.385
748,258,978.9988,763,349.281
758,837,107.51987,119,603.521
769,455,705.04584,653,649.338
7710,117,604.39881,244,288.984
7810,825,836.70676,756,112.983
7911,583,645.27671,037,989.801
8012,394,500.44563,921,403.398
8113,262,115.47655,218,623.835
8214,190,463.5644,720,694.7
8315,183,796.00932,195,219.574
8416,246,661.72917,383,928.05
8517,383,928.050
Investment growth before retirement
The below chart shows the growth of your current investments and monthly SPI's till you reach your planned retirement age.When you reach the age of 50, your investment corpus will grow to $43,179,515.
81.3% of your retirement corpus is built by the returns gained on your investments.In other words, for every $19 you have invested you have received you have received an additional $81 back as returns on your investment.
Total Monthly InvestmentsReturns on Monthly Investments18.7%81.3%
Investment/GainsValue
Current Investment0
Returns on Current Investment0
Total Monthly Investments8,096,126.386
Returns on Monthly Investments35,083,388.154
Investment & expense growth table
Age
Yearly Expense
Investment Balance
Growth
50 1,628,230 41,551,285 45,290,900
51 1,742,206 43,548,694 47,468,077
52 1,864,160 45,603,917 49,708,269
53 1,994,652 47,713,618 52,007,843
54 2,134,277 49,873,566 54,362,187
55 2,283,677 52,078,511 56,765,577
56 2,443,534 54,322,043 59,211,027
57 2,614,581 56,596,445 61,690,125
58 2,797,602 58,892,523 64,192,851
59 2,993,434 61,199,417 66,707,364
60 3,202,974 63,504,390 69,219,785
61 3,427,183 65,792,602 71,713,936
62 3,667,085 68,046,851 74,171,067
63 3,923,781 70,247,286 76,569,542
64 4,198,446 72,371,095 78,884,494
65 4,492,337 74,392,157 81,087,451
66 4,806,801 76,280,650 83,145,908
67 5,143,277 78,002,631 85,022,868
68 5,503,306 79,519,562 86,676,322
69 5,888,538 80,787,784 88,058,685
70 6,300,736 81,757,949 89,116,165
71 6,741,787 82,374,378 89,788,072
72 7,213,712 82,574,360 90,006,052
73 7,718,672 82,287,380 89,693,244
74 8,258,979 81,434,265 88,763,349
75 8,837,108 79,926,242 87,119,604
76 9,455,705 77,663,898 84,653,649
77 10,117,604 74,536,045 81,244,289
78 10,825,837 70,418,452 76,756,113
79 11,583,645 65,172,468 71,037,990
80 12,394,500 58,643,489 63,921,403
81 13,262,115 50,659,288 55,218,624
82 14,190,464 41,028,160 44,720,695
83 15,183,796 29,536,899 32,195,220
84 16,246,662 15,948,558 17,383,928
85 17,383,928 0 0

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