Online Retirement Planning Tools: 8 Free Picks for India

You know retirement is coming, but figuring out how much you actually need feels impossible. Will ₹2 crore be enough? Should you save ₹20,000 or ₹50,000 each month? Traditional advisors charge hefty fees just to tell you what free calculators can estimate in minutes. You need a straightforward way to see if you're on track without paying someone thousands of rupees for basic projections.

We tested 8 free retirement planning tools built for Indians. Each calculator takes different approaches to estimating your corpus, monthly contributions, and post retirement income. Some offer simple projections while others dig into inflation, investment returns, and lifestyle choices. This guide breaks down what each tool does, which inputs you need, and when each calculator works best. Pick the one that matches how you think about money and start planning your retirement today.

1. Invsify

Invsify combines AI-powered insights with SEBI-registered investment advisory to give you a complete picture of your retirement readiness. You get access to a Wealth Wellness Score that measures your financial health across multiple dimensions, plus a conversational AI that answers retirement questions in your preferred language.

1. Invsify

Snapshot of the tool

The platform delivers a personalized retirement assessment through its AI-driven interface, analyzing your current investments, savings rate, and future goals. Your Wealth Wellness Score breaks down exactly where you stand today and what adjustments you need to make. The tool integrates with your existing portfolio, so you see real numbers instead of generic projections.

Key inputs you need

You provide your current age, retirement age, monthly expenses, and existing savings to start the analysis. The system also asks about your investment accounts, risk tolerance, and lifestyle expectations post retirement. This detailed input helps the AI generate accurate projections that reflect your actual financial situation.

What the results show

You receive a comprehensive retirement corpus estimate along with monthly contribution targets to reach your goal. The platform shows your projected post retirement income based on different investment scenarios and withdrawal strategies. Visual dashboards track your progress over time, updating as market conditions change.

Free calculators give you numbers, but they don't tell you what to do next.

When this tool works best

This works for you if you want ongoing guidance beyond a one-time calculation and need help optimizing your current investments. The combination of AI insights and human advisor access suits people who prefer professional oversight without paying traditional distributor commissions.

Limitations to keep in mind

You need to maintain an active account to access the full retirement planning features. The tool requires more setup time than basic calculators since it integrates with your actual investment accounts.

2. Groww retirement calculator

Groww offers one of the most straightforward online retirement planning tools available to Indian investors. The calculator sits within their broader investment platform, giving you quick access to retirement projections without creating an account. You input basic financial details and receive instant estimates for your retirement corpus.

Snapshot of the tool

The Groww retirement calculator uses a clean, minimalist interface that guides you through three main sections: current financial status, retirement expectations, and investment assumptions. You adjust sliders for each variable and watch your required monthly savings update in real time. The calculator assumes you will invest primarily through mutual funds, which aligns with Groww's core business model.

Key inputs you need

You enter your current age, planned retirement age, and current monthly expenses as the foundation for calculations. The tool also asks for your existing retirement savings, expected inflation rate (pre-filled at 6%), and anticipated investment return rate. These defaults reflect typical Indian market conditions, but you can adjust them based on your risk profile.

What the results show

Your output includes the total corpus needed at retirement calculated using your current expenses adjusted for inflation. The calculator displays your monthly investment requirement to reach that target corpus assuming consistent returns. Groww breaks down the final amount into the total invested principal and the gains generated through compounding.

Simple calculators work when you need quick estimates without account creation.

When this tool works best

This calculator suits you if you want a fast estimate without extensive data entry or if you're already using Groww for investments. The tool works well for basic retirement planning scenarios where you assume steady monthly contributions and consistent market returns.

Limitations to keep in mind

The calculator assumes you start saving today and doesn't account for existing investment portfolios outside Groww. You cannot model variable contribution amounts or irregular cash flows that many Indians experience throughout their careers. The tool also lacks scenario analysis for different market conditions or withdrawal strategies post retirement.

3. NISM retirement calculator

The National Institute of Securities Markets provides a government-backed retirement calculator that focuses on mathematical accuracy over flashy features. NISM built this tool as part of their financial literacy initiative, so you get unbiased projections without any product recommendations or sales pressure. The calculator runs entirely in your browser without requiring personal information or account creation.

3. NISM retirement calculator

Snapshot of the tool

NISM's calculator uses a straightforward three-step process that breaks down retirement planning into current status, future needs, and investment strategy. You work through clearly labeled input fields that explain what each number represents and why it matters. The tool calculates your corpus using standard actuarial formulas recognized by financial planners across India.

Key inputs you need

You provide your current age, retirement age, present monthly expenses, and existing retirement savings to establish your baseline. The calculator asks for your expected inflation rate, life expectancy, and anticipated rate of return on investments. NISM includes helpful tooltips next to each field that suggest typical values based on historical Indian market data.

What the results show

Your output displays the total retirement corpus needed along with a breakdown showing how inflation impacts your purchasing power over time. The calculator shows your monthly savings requirement assuming different rates of return, letting you compare conservative versus aggressive investment strategies. NISM presents these figures in simple tables that you can screenshot or note down for future reference.

Academic institutions build calculators for accuracy, not to sell you products.

When this tool works best

This works for you if you want calculations verified by an educational institution and prefer transparency about the formulas used. The NISM calculator suits people who distrust private sector online retirement planning tools or need projections free from marketing bias.

Limitations to keep in mind

The interface feels dated compared to modern calculators and lacks mobile optimization. You cannot save your calculations or return to modify inputs later since the tool stores nothing in your browser or their servers.

4. ICICI Prudential retirement calculator

ICICI Prudential Life Insurance built this calculator to help you estimate the retirement corpus you need while promoting their pension and annuity products. The tool sits on their insurance website and focuses on converting your corpus into guaranteed monthly income streams through their plans. You get basic projections paired with clear product recommendations from one of India's largest private insurers.

Snapshot of the tool

The calculator uses a single-page design that displays all inputs and results simultaneously without requiring page navigation. ICICI Prudential structures the tool around monthly expense planning rather than lump sum corpus targets, reflecting their focus on income replacement. Your calculations appear alongside product suggestions that match your projected needs.

Key inputs you need

You enter your current age, retirement age, and current monthly expenses to start the calculation process. The tool asks for your life expectancy assumption and expected rate of return on your retirement investments. ICICI pre-fills inflation at 6% and return rates between 6% to 8%, reflecting conservative investment assumptions common in annuity planning.

What the results show

Your output shows the total corpus required at retirement along with how that amount translates into monthly pension income. The calculator displays both immediate annuity options and deferred plan scenarios based on your age and timeline. ICICI breaks down exactly which of their products could deliver the monthly income you need.

Insurance calculators prioritize income security over growth potential.

When this tool works best

This works for you if you prefer guaranteed income over market-linked returns and want to explore insurance-based retirement solutions. The calculator suits people who value capital protection and predictable cash flows during retirement years.

Limitations to keep in mind

The calculator steers you toward ICICI products rather than presenting neutral investment comparisons. You cannot model equity-heavy portfolios or dynamic withdrawal strategies that many online retirement planning tools support for higher growth potential.

5. SBI Life retirement planner

SBI Life Insurance offers a retirement planning calculator designed to estimate the corpus you need for your post retirement years. The tool connects directly to their pension plan offerings, providing calculations that emphasize long-term savings through insurance products. You access this planner without registration, making it convenient for quick retirement assessments.

5. SBI Life retirement planner

Snapshot of the tool

The SBI Life planner uses a simple interface that focuses on converting your current lifestyle into future financial requirements. You interact with dropdown menus and input fields that guide you through age-based planning and expense projections. The calculator structures its approach around the concept of maintaining your existing standard of living after you stop working.

Key inputs you need

You provide your current age, planned retirement age, and monthly household expenses to start your calculation. The tool asks for your existing savings dedicated to retirement and expected inflation rate, with a default set at typical Indian levels. SBI Life includes options to factor in existing insurance policies or pension plans you already hold.

What the results show

Your output displays the total corpus required at retirement calculated using inflation-adjusted expense projections. The planner shows your monthly investment requirement to accumulate the target amount by your chosen retirement age. SBI Life presents these figures alongside illustrations of how their pension products could help you reach your goal.

Insurer-built calculators assume conservative growth because they prioritize capital preservation.

When this tool works best

This works for you if you prefer banking on familiar brand names and want to explore insurance-linked retirement products. The calculator suits people who value guaranteed returns over market-linked growth and already trust SBI's financial ecosystem.

Limitations to keep in mind

The planner steers you toward SBI Life products rather than comparing different investment vehicles. You cannot model equity mutual fund scenarios or alternative retirement strategies that other online retirement planning tools support for potentially higher returns.

6. Mutual Funds Sahi Hai retirement tool

The Association of Mutual Funds in India runs the Mutual Funds Sahi Hai campaign to promote investor education, and their retirement calculator reflects this educational mission. You access a calculator built by the industry body that represents all mutual fund houses in India, giving you projections without bias toward any specific fund family. The tool emphasizes systematic investment planning through mutual funds as your primary retirement vehicle.

Snapshot of the tool

This calculator uses a two-column layout that displays your inputs on the left and projections on the right for easy comparison. AMFI structures the tool around monthly SIP contributions rather than lump sum investments, reflecting how most Indian investors build retirement wealth. Your calculations update instantly as you adjust any parameter, letting you experiment with different scenarios.

Key inputs you need

You enter your current age, retirement age, and desired monthly income after you stop working. The calculator asks for your existing retirement savings and expected rate of return, with suggested values based on historical equity mutual fund performance. AMFI pre-fills inflation at 6%, matching typical Indian consumer price growth over long periods.

What the results show

Your output displays the total corpus needed at retirement to generate your target monthly income. The tool calculates your required monthly SIP amount assuming consistent contributions until retirement. AMFI shows how your investments grow over time through a simple chart that breaks down principal versus returns.

Industry bodies build calculators to educate, not to push specific products.

When this tool works best

This works for you if you prefer neutral guidance from a regulatory-aligned institution and plan to invest primarily through mutual funds. The calculator suits people who want SIP-focused projections without promotional material for individual schemes.

Limitations to keep in mind

The tool assumes you invest exclusively in equity mutual funds and cannot model hybrid portfolios with debt or alternative assets. You get basic projections without advanced features like tax planning or estate considerations that comprehensive online retirement planning tools provide.

7. Standard Chartered retirement tool

Standard Chartered Bank offers a retirement planning calculator that focuses on whether you can maintain your current lifestyle after you stop working. The tool sits within their priority banking services and targets existing customers who want quick retirement assessments. You access the calculator directly from their website without needing to log into your bank account.

7. Standard Chartered retirement tool

Snapshot of the tool

The calculator uses a conversational questionnaire format that asks about your current financial situation and future expectations. Standard Chartered structures their tool around lifestyle preservation rather than absolute corpus numbers, making it easier to think about retirement in practical terms. Your inputs flow through a series of screens that build toward a final recommendation.

Key inputs you need

You provide your current age, planned retirement age, and monthly expenses to establish your baseline needs. The tool asks about your existing savings, expected investment returns, and inflation assumptions to calculate projections. Standard Chartered includes fields for any ongoing loans or financial commitments that affect your retirement readiness.

What the results show

Your output displays whether your current savings trajectory supports your lifestyle goals after retirement. The calculator shows the gap between your target and current path, expressed both as a lump sum shortfall and additional monthly savings needed. Standard Chartered presents these results with clear visual indicators showing if you are on track or falling behind.

Banking calculators prioritize relationship building over neutral financial planning.

When this tool works best

This works for you if you already bank with Standard Chartered and want integrated retirement planning within your existing financial ecosystem. The calculator suits people who prefer lifestyle-based projections over complex corpus calculations that other online retirement planning tools provide.

Limitations to keep in mind

The tool steers you toward Standard Chartered wealth management services rather than independent investment options. You cannot access advanced features or scenario modeling that standalone calculators offer for comprehensive retirement planning.

8. NPS Trust pension calculator

The Pension Fund Regulatory and Development Authority operates the NPS Trust calculator as the official planning tool for India's National Pension System. You access a government-backed retirement calculator that shows projections specifically for NPS accounts, including both employee and employer contributions. This tool helps you understand how systematic pension contributions grow over decades and convert into monthly retirement income.

Snapshot of the tool

The NPS calculator uses a structured input format that mirrors the actual NPS account structure followed by millions of Indian employees. You work with fields designed around NPS regulations, including contribution limits, exit age rules, and annuity purchase requirements. The tool calculates your corpus based on the NPS framework where you must allocate a portion of your final amount toward purchasing an annuity.

Key inputs you need

You enter your current age, monthly contribution amount, and expected rate of return based on your chosen asset allocation between equity and debt. The calculator asks for your employer contribution percentage if you participate through your company's NPS scheme. NPS Trust includes fields for annual contribution increases and your planned exit age, which must fall between 60 and 75 years under current regulations.

What the results show

Your output displays the estimated corpus at your chosen exit age along with the monthly pension you receive after annuity purchase. The calculator breaks down your lump sum withdrawal amount (up to 60% of corpus) and the portion you must use to buy an annuity. NPS Trust shows how different asset allocation choices between equity, corporate bonds, and government securities impact your final accumulation.

Government pension calculators reflect actual regulatory frameworks rather than theoretical scenarios.

When this tool works best

This works for you if you already contribute to NPS or plan to open an NPS account for retirement savings. The calculator suits people who want tax-efficient retirement planning through a government-regulated pension scheme that offers deductions under Section 80CCD.

Limitations to keep in mind

The tool only models NPS investments and cannot incorporate your other retirement savings or investment portfolios. You cannot compare NPS returns against alternative online retirement planning tools or investment vehicles outside the pension system framework.

online retirement planning tools infographic

Moving forward

You now have 8 different online retirement planning tools to estimate your retirement corpus and monthly savings needs. Each calculator takes a different approach based on whether you want insurance-backed guarantees, mutual fund growth, government pension schemes, or AI-powered personalized advice.

Pick one tool that matches your investment philosophy and run your numbers this week. You might discover you need to increase your monthly SIP by ₹10,000 or that you're already ahead of your retirement target. Most people underestimate their post retirement expenses by 30% to 40%, so factor in healthcare costs, inflation, and lifestyle upgrades when you input your data.

Want personalized guidance beyond basic calculations? Explore Invsify's AI-powered retirement planning that combines smart projections with ongoing portfolio optimization. Your retirement corpus depends on decisions you make today, not last-minute scrambling five years before you stop working.