SWP Calculator (India) – Systematic Withdrawal Plan with Tax & Inflation

Use this SWP Calculator (India) to plan your Systematic Withdrawal Plan from mutual funds. Instantly estimate monthly withdrawal amount, remaining corpus, total withdrawal, and growth after returns and tax assumptions—perfect for retirement income planning.

Systematic Withdrawal Plan Calculator + Inflation Visualizations

Visualize inflation's impact on withdrawals, purchasing power, and investment growth

Inflation-adjusted withdrawals Purchasing power decay Real vs Nominal comparison Equity / Debt tax modes
₹10,00,000
₹50,000
This amount will increase annually with inflation to maintain purchasing power
10%
20 years
Nominal Return
10%
Real Return
4.0%
6%
India's long-term average: 5-7%. Inflation reduces purchasing power over time.
If checked, withdrawal amount increases each year by inflation rate to maintain purchasing power
Tax & Duties (India)
Start Month
Start Year
Visualization Tips: Use the chart toggles above each graph to switch between different views of inflation impact, withdrawal growth, and purchasing power decay.
Net Cash Received (after tax + STT)
₹0
What you actually receive in-hand (nominal)
Gross Withdrawals
₹0
Final Corpus
₹0
Total Tax (CG)
₹0
Total STT
₹0
Real Return (after inflation)
0%
Nominal return adjusted for inflation
Withdrawal Sustainability
—
Years your corpus can support at current purchasing power
Last Year's Withdrawal
₹0
Purchasing Power Loss
0%
Inflation Impact Summary:
Calculating...

Inflation Impact Visualizations

Visualize how inflation affects withdrawals, purchasing power, and investment growth over time. Use toggles to switch between different views.
Withdrawal Growth Over Time
Actual bank deposits Purchasing power
Purchasing Power Decay
Value erosion Money lost to inflation
Corpus: Nominal vs Real
Nominal value Real value
Inflation Impact Dashboard
Real return Power loss
The Silent Killer in Retirement Planning: Inflation
Most SWP calculators fail you because they ignore inflation—this one doesn't. It shows you real purchasing power, not just nominal numbers. Your ₹50,000 today ≠ ₹50,000 in 2035.
Inflation-adjusted withdrawals Real vs Nominal returns Purchasing power decay Post-tax reality
1) The Inflation Reality Check
Monthly Withdrawal: The Dangerous Assumption
If you enter ₹50,000 and DON'T check "Increase withdrawals with inflation", you're planning to live on ₹50,000 forever. But in 20 years at 6% inflation, that ₹50,000 buys what ₹15,500 buys today.
Expected Inflation Rate: The Silent Tax
India's long-term average: 5-7%. At 6% inflation, prices double every 12 years. Your ₹1 crore corpus in 2045 has only ₹31 lakhs of today's purchasing power.
6% = prices double every 12 years Inflation is compounding
The Critical Toggle: Inflation Adjustment
ON: Withdrawals increase yearly to maintain lifestyle. You withdraw ₹1.6L/month in Year 20 to equal ₹50,000 today.
OFF: You live on less each year. Your lifestyle gradually declines as prices rise.
Real Return: What Matters
10% nominal return with 6% inflation = only 3.8% real return. This is your actual wealth growth after inflation eats its share.
Visualize the Erosion
Use the charts toggles to see how ₹1 loses value over time. The "Purchasing Power Decay" chart shows the brutal truth most investors ignore.
2) Tax Reality in an Inflationary Economy
Why Debt Funds (post 2023) Hurt in High Inflation
Debt funds purchased after April 2023 are taxed at your slab rate—with NO indexation benefit. In high inflation years, you pay tax on nominal gains (including inflation), not real gains.
No inflation adjustment in tax Tax on illusory gains
Equity's Built-In Inflation Protection
Equity's 12.5% LTCG rate (above ₹1.25L exemption) works better in inflation. Companies can raise prices, so equity returns often outpace inflation—giving you real growth to tax.
The Double Whammy
Inflation forces you to withdraw more (to maintain lifestyle) → creates more capital gains → increases your tax bill. This calculator shows this vicious cycle.
STT & Stamp Duty: Fixed Costs in a Rising World
These costs stay percentage-based. As your withdrawals grow with inflation, these transaction costs grow too—eating into real returns.
Real After-Tax Return
This is your true measure: (Nominal Return - Inflation) - Taxes. Most investors only look at nominal returns and wonder why they're falling behind.
3) Results: The Truth Behind the Numbers
Net Cash Received (Nominal vs Real)
Nominal: The actual rupees hitting your bank account.
Real: What those rupees can actually buy (toggle the charts). If your ₹1 crore corpus lasts 20 years but has only ₹31 lakhs purchasing power—you're in trouble.
The Critical Metric: Real Return
This tells you if you're actually growing wealth or just keeping up with prices.
＞4%: You're building real wealth
1-4%: Just maintaining purchasing power
＜0%: You're getting poorer in real terms
Last Year's Withdrawal: The Lifestyle Test
Look at Year 20's withdrawal. Can you live on that amount's purchasing power? The "Withdrawal Growth" chart shows if you're planning for reality or fantasy.
Purchasing Power Loss: The Silent Drain
This percentage shows how much inflation has eroded your money. At 6% for 20 years: ₹1 becomes ₹0.31. Your entire strategy must overcome this erosion.
The Inflation Gap
The difference between Nominal and Real corpus value. This is the amount inflation has stolen from you. Good planning minimizes this gap through real returns.
4) Building Inflation-Resistant Withdrawals
Most retirement plans fail because they use today's expenses, not tomorrow's prices. Here's how to build resilience:
Inflation-adjust withdrawals Aim for real returns >4% Watch the inflation gap
Strategy A: Inflation-Adjusted Withdrawals
How it works: Start with ₹50,000/month, increase by inflation each year. In Year 20, you withdraw ₹1.6L/month to maintain lifestyle.
Reality check: Your corpus must support this exponential growth. Requires higher returns or larger initial corpus.
Who it's for: Those who don't want lifestyle compromise in retirement.
Strategy B: Fixed Withdrawals + Buffer Years
How it works: Keep withdrawals fixed at ₹50,000. Accept that in 10 years, it buys only ₹28,000 worth.
Reality check: You'll need to supplement with other income or reduce expenses over time.
Who it's for: Those with pensions, rental income, or who plan to gradually reduce spending.
Strategy C: Variable Rate Withdrawals
How it works: Withdraw 4% of portfolio annually (inflation-adjusted). Good years = higher withdrawals, bad years = cut back.
Reality check: Requires flexibility and discipline. Most retirees hate reducing withdrawals.
Who it's for: Those comfortable with variable income who can adapt spending.
Test with 4% inflation Test with 8% inflation Test with 3% returns
How to Read the Charts: Visualizing Inflation's Impact
Numbers tell one story, charts tell the whole truth. Use the toggles above each chart to see different perspectives of your plan.
Chart 1: Withdrawal Growth Over Time
Blue line = Your actual bank account deposits
Orange dashed line = What that money can actually buy
Gray reference line = Your Year 1 lifestyle level
Key Insight:
The gap between blue and orange shows inflation eating your lifestyle. If orange falls below gray, you're cutting back.
Chart 2: Purchasing Power Decay
Red declining line = Value of ₹1 over time
Blue vs Orange bars = Nominal vs Real withdrawal value
Red shaded area = Amount inflation has stolen
Key Insight:
This shows inflation's compounding effect. At 6%, ₹1 becomes ₹0.31 in 20 years. Your withdrawals must overcome this.
Chart 3: Corpus: Nominal vs Real
Blue area = Your actual portfolio value
Orange area = What that portfolio can actually buy
Red bars = The "inflation gap" - money lost to inflation
Key Insight:
Your portfolio might look healthy in rupees, but the orange area shows its real worth. Red bars show inflation's silent theft.
Chart 4: Inflation Impact Dashboard
Green bar = Real return (positive = good)
Red bar = Purchasing power lost
Orange bar = How much withdrawals must rise
Key Insight:
At a glance: Are you winning or losing against inflation? Green positive = good. Red high = warning.
Using the Chart Toggles: Three Views for Each Chart
Nominal View
Shows actual rupees. Useful for checking bank deposits match expectations.
Real View
Shows purchasing power. Essential for lifestyle planning. This is reality.
Comparison View
Side-by-side of nominal vs real. Shows the gap inflation creates.
Pro tip: Start with "Nominal" to see bank deposits, then switch to "Real" to see if you can actually live on that amount.
Withdrawal Sustainability: The Most Misunderstood Metric
How It's Calculated
Formula: Final Corpus ÷ Annual Withdrawal (Year 1)

Example:
Final Corpus: ₹60,00,000
Monthly Withdrawal (Year 1): ₹50,000
Annual Withdrawal: ₹50,000 × 12 = ₹6,00,000
Sustainability: 60,00,000 ÷ 6,00,000 = 10 years
What It Assumes (The Limitations)
1. Zero future returns – worst-case scenario
2. No inflation adjustment – uses Year 1 withdrawal
3. Constant withdrawals – no market timing
4. No taxes or fees – just principal withdrawal

This is a buffer measurement, not a prediction.
How to Use It Correctly
Red Zone (<5 years): Emergency – reduce withdrawals immediately
Yellow Zone (5-10 years): Warning – consider adjustments
Green Zone (10+ years): Safe buffer – plan looks sustainable
Blue Zone (20+ years): Very conservative – you could withdraw more
The Inflation Adjustment Reality Check
Critical Point: If you're increasing withdrawals with inflation, your actual Year 20 withdrawal is much higher than Year 1.

Example: ₹50,000/month Year 1 → ₹1.6L/month Year 20 (at 6% inflation)
Sustainability using Year 1: 10 years
Actual buffer at Year 20 lifestyle: 60L ÷ 19.2L = 3.1 years

Conclusion: Always mentally adjust the sustainability number downward if you're inflation-adjusting withdrawals.
Expert Advice: First, decide if you'll inflation-adjust withdrawals. Then test your plan with 8% inflation (bad-case) and 3% returns (market crash). If it survives both, you can sleep well. Most plans fail this stress test—that's why 60% of Indians worry about retirement money lasting.