Post-Retirement Income Calculator

NPS annuity, EPF withdrawal (tax-free), PPF income (only at maturity; not recurring), FD / RD interest, rental income from let-out property, dividend from equity mutual funds, SWP from equity mutual funds, senior citizen savings scheme (SCSS), post office monthly income scheme (POMIS), and reverse mortgage.

With 6-7% blended yield on a ₹1 crore post-retirement corpus, monthly income ranges ₹50,000-58,000 pre-tax. Post-tax, this reduces to ₹40,000-50,000 depending on slab. Calculator allows you to mix annuity (guaranteed) + FD (income) + SWP (flexible) for an optimal plan.

The 3-bucket strategy: Bucket 1 — 1-2 years liquid (FD, liquid funds); Bucket 2 — 3-7 years income (SCSS, POMIS, short-term debt); Bucket 3 — 8+ years growth (large-cap / balanced advantage MF). The 4-bucket strategy adds Bucket 0 (lifestyle / recurring expenses).

Rental income from let-out property is taxable under Section 24 — gross rent minus 30% standard deduction minus municipal taxes — at slab rate. Tax-free if the property is in your own name and you are in the 0% slab (income below the basic exemption after Section 87A rebate).

SWP (Systematic Withdrawal Plan) from mutual funds is partially tax-free. Each SWP triggers a redemption — equity units post 23 July 2024 attract 12.5% LTCG on gains > ₹1.25 lakh per FY. Strategic withdrawals (≤₹1.25 lakh gain per year) keep the SWP entirely tax-free.

Reverse Mortgage is a financial product where senior citizens (60+) mortgage their self-occupied home to a bank and receive a monthly income stream / lumpsum — without monthly EMI. On death / leaving the house, the loan + interest is settled from the property sale. Calculator supports reverse-mortgage as an income source.