Thinking about your life after work shouldn’t be stressful or confusing. Whether you are just starting your career or are only a few years away from stepping back, mapping out your financial future is crucial. With our Retirement Planning Calculator, you can easily project the exact corpus you’ll need to maintain your lifestyle comfortably. This intuitive Retirement Calculator takes all the guesswork out of your long-term goals, showing you exactly how much you need to invest today to enjoy a secure tomorrow.
Retirement Planning Calculator Nepal
Accumulation + Withdrawal phases Β· Inflation-adjusted Β· EPF / CIT / SSF Β· Nepal rules
Nepal civil service: 58 Β· Private sector: typically 55β65
Nepal life expectancy ~71 yrs (WHO 2024). Plan beyond to be safe.
Include EPF/CIT/SSF balance, FD, mutual funds, etc.
Equity mutual funds / SIP: 10β18% Β· Mixed: 8β12% Β· FD/RD: 7β10%
Conservative: 6β8% (FD/bonds) Β· Balanced: 8β10% (mixed portfolio)
Nepal avg inflation: 6β8% p.a. (NRB 2024). Use 7% as baseline.
Your expenses at retirement will be inflation-adjusted automatically.
π Two-Phase Retirement Plan
π Life Timeline
| Age / Year | Opening (ΰ€°ΰ₯) | Added (ΰ€°ΰ₯) | Returns (ΰ€°ΰ₯) | Withdrawn (ΰ€°ΰ₯) | Closing (ΰ€°ΰ₯) |
|---|---|---|---|---|---|
| Click Calculate to see your retirement plan | |||||
π Nepal Retirement Planning Guide
- EPF (Employee Provident Fund): 10% employee + 10% employer contribution on basic salary. Managed by Employees Provident Fund, Nepal. Eligible for withdrawal at retirement.
- CIT (Citizen Investment Trust): Voluntary retirement savings scheme. Offers fixed return (currently ~10.5% p.a.) with tax benefits under Nepal Income Tax Act.
- SSF (Social Security Fund): Mandatory for formal sector. 31% of gross salary (20% employer + 11% employee) covering retirement, medical, and accident benefits.
- Retirement age: 58 for Nepal government employees (Civil Service Act 2049). Private sector typically 55β65.
- Nepal inflation: Average 6β8% p.a. (NRB). Your retirement expenses must be inflation-adjusted β what costs ΰ€°ΰ₯ 30,000/month today will cost ~2.5Γ more after 15 years at 7% inflation.
- Tax benefit: Contributions to EPF, CIT, SSF, and life insurance up to ΰ€°ΰ₯ 3 lakh/year are deductible under Section 63 of Nepal Income Tax Act 2058.
- Rule of thumb: You need at least 20β25Γ your annual retirement expenses as retirement corpus (the "25Γ Rule").
β οΈ This calculator uses assumed return and inflation rates. Actual results will vary. Consult a SEBON-registered financial advisor for personalized retirement planning.
How to use the Retirement Planning Calculator
Planning for your retirement in Nepal requires factoring in inflation, expected returns, and your current savings, like EPF or SSF. Here is how to use the Retirement Calculator step-by-step to get your personalized retirement roadmap:
Step 1: Enter Your Age Details
At first, you need to set your current age, retirement age (the age when you will retire) and life expectancy. So, here’s the breakdown,
- Current Age: Enter or use the scroll bar to set your current age or that of the person (if you are calculating this for someone)
- Retirement Age: Now you have to enter the age you plan to stop working. For reference, Nepal’s civil service retirement age is typically 58, while private sector employees usually retire between 55 and 65. So, set as per your job nature.
- Life Expectancy: How long you expect to need your retirement funds. While Nepal’s average life expectancy is around 71 years, it is safer to plan for 80 or 85 to ensure you don’t outlive your corpus.
Step 2: Input Your Financial Contributions
After filling out your age details, it’s time to set a discipline to make it successful planning.
- Monthly Savings / Investment (NPR): Now enter the monthly amount you are planning to put/invest away each month. This includes SIPs, recurring deposits, or direct stock market investments.
- Current Savings / EPF Balance (NPR): Your starting point. Combine the current balance of your Employees’ Provident Fund (EPF), Citizen Investment Trust (CIT), Social Security Fund (SSF), fixed deposits, and any other retirement-focused savings. Here you can enter all the savings you have made as of now, including the total current balance in your RF, EPF, SSF, or any other.
Step 3: Estimate Your Returns
- Return During Savings Phase: The annual interest or return you expect while you are still working. If you are heavily invested in the NEPSE or equity mutual funds, you might aim for 10β18%. If you prefer the safety of FDs, 7β10% is more realistic. So set the expected returns based on your current investment.
- Return During Retirement Phase: Once you retire, you should move your money into safer, more conservative investments. A return of 6β8% (like standard fixed deposits or government bonds) is a safe baseline here.
Step 4: Factor in Inflation and Expenses
- Expected Inflation Rate: As you know, inflation eats the purchasing power of money. So, you have to enter the current average inflation rate of our country, which hovers around 6β8%. I recommend leaving this at 7% for a realistic calculation.
- Current Monthly Expenses (NPR): How much money do you need to live comfortably today? Do not try to guess what things will cost in 30 yearsβthe calculator will automatically adjust this number for inflation!
Step 5: Calculate Your Future. Hit the Calculate Retirement Plan button. The tool will instantly show you how much money you need to have saved by your retirement age (your Retirement Corpus) and whether your current savings plan will get you there.
That’s all.
Now this Retirement Planning Calculator shows the complete details of your planning with a proper breakdown. It shows the projected corpus with a proper breakdown to give a clear idea based on the information and details provided by you for your future.
