Retirement Calculator

Calculate the corpus you may require to maintain your current lifestyle after retirement.

Personal Information

Current Age

30 years

Expected Retirement Age

50 years

Income Details

Monthly Income

4 Lacs

Annual Basic Salary Only Basic + DA excluding allowances and variables

4 Lacs


Current Savings for Retirement Excluding savings for child education, marriage etc

4 Lacs

Monthly Contribution towards Retirement Investment made in PF, Mutual funds, life insurance etc. excluding investment towards child education, marriage etc.

4 Lacs


Monthly Expenses

4 Lacs

Reduction in Monthly Expenses Post Retirement Expected reduction in fixed expenses like loans, child education etc.

4 Lacs

Monthly Expenses Post Retirement

Expected Monthly Expense Post-Retirement How much your current expenses are expected to grow after retirement considering inflation

  1. Inflation rate is assumed to be 4%. Actual values maybe different.
  2. Fund growth rate is assumed to be 8% for illustration purpose. Actual values maybe different.
  3. Loan paid off before retirement age
  4. Children’s educational expense absent during retirement
  5. Life expectancy – 80 years
  6. Tax benefits are calculated as per current tax slabs including Health and Education cess and surcharge, wherever applicable.
    1. Marginal relief is not considered for the purpose of this calculation. However, customers are advised to consider the same as per Income Tax, Act 1961 to arrive at the final tax liability.
    2. Tax benefits under the policy are subject to conditions under Section 80C, 80D, 80CCE and other provisions of the Income Tax Act, 1961. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above.
  7. Investments are capped at Rs. 50,000 for NPS Tier 1 and 10% of basic salary for NPS corporate. Deduction u/s 80C is available upto Rs. 1.5Lakh for ULIP/NPS investments.

The data generated herein is completely and solely based on the information/details provided by you in response to the questions specified by ICICI Bank Limited ("ICICI Bank"). These questions and the calculations thereon resulting in specific data are developed and based on certain tools and calculators that are made available to ICICI Bank and are based on pre-determined presumptions/assumptions. ICICI Bank, 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 or which has otherwise been reviewed by ICICI Bank. The calculator displays how contributions made at regular intervals can help in preparing for retirement over a period of time on the basis of your expected return on investment. The result offered by calculator, based on assumed rate of return, is meant for illustration purposes only. The calculations are not based on any judgments of the future return of the debt and equity markets / sectors or of any individual security and should not be construed as promise on minimum returns and/or safeguard of capital. The result is based on the data provided by you. On the basis of this data, certain components have been assumed to educate you on how you may be able to invest for attaining the required corpus The graphical illustration is based on the input provided by you in the calculation

Such information and the resultant data is provided only for user's convenience and information purposes. ICICI Bank does not guarantee accuracy, completeness or correct sequence of any the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness / accuracy. 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 of 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. ICICI Bank does not undertake any liability or responsibility to update any data. No claim (whether in contract, tort (including negligence) or otherwise) shall arise out of or in connection with the services against ICICI Bank. Neither ICICI Bank nor any of its agents or licensors or group companies shall be liable to user/ any third party, for any direct, indirect, incidental, special or consequential loss or damages (including, without limitation for loss of profit, business opportunity or loss of goodwill) whatsoever, whether in contract, tort, misrepresentation or otherwise arising from the use of these tools/ information contained / data generated herein.

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