A retirement plan is an assurance that one will continue to earn a satisfying income and enjoy a comfortable lifestyle, even when he/she is no longer working. Retirement plan is an essential element of any financial plan. Retirement planning is a comprehensive process for determining how much money you would need when you retire. Retirement planning also helps you identify the best ways to save for retirement given your financial situation. In India, many of us put off retirement planning because we are too busy trying to meet our immediate financial needs to think about what will happen 20 or 30 years hence. So to know how much one need to save/invest to maintain the same standard of living post retirement, one can use retirement scheme calculator, which helps to find out how much amount need to be saved. This is a tool to calculate the amount, which would one have in his/her hand at time of retirement.
 
My Age (*)  (In years)
Spouse Age  (In years)
My Retirement Age (*)  (In years)
Spouse Retirement Age  (In years)
Annual Household Expenditure (*)  (In Rs.)
Annual Household Income (*)  (In Rs.)
Total Household Savings till date  (In Rs.)
Expected Rate of Return (*)  (In % p.a.)
Expected Inflation Rate (*)  (In % p.a.)

The fields marked with * are Mandatory