Retirement Planning Calculator

What is a Retirement Planning Calculator?

Retirement Planning Calculator helps you to find out the future value of your current expenses also calculate how much you need to save from now to enjoy your post-retirement days. Retirement Planning Calculator let you understand how much you should grow your wealth before retirement.

How our retirement planning calculator works?

Input Description
Amount required for retirement This is your desirable amount that you required in your retirement days
Current Age Your current age in years
Retirement Age Your age at which you want to retire
Expected rate of return This is the percentage return per year at which you want to invest your money
Inflation rate The rate at which prices increase over time
Current savings you have The amount you have saved for your retirement till now
Output Description
Total Amount Required for Retirement This is your desirable amount that you required in your retirement days
Years for Retirement Time duration in years for your retirement from now
Present Value of Amount Required It is the value of a sum of money in the present, which can be equal to some future when investing at compound interest
One Time Investment Required It is lumpsum investment that you can do to get you desirable future amount after retirement
SIP Investment - Monthly Investment Required of It is SIP investment (monthly investment) till your retirement age that you can do to get you desirable future amount after retirement

Why should you plan for your Retirement?

  • If you plan for retirement at early stage, your life after retirement will be free from financial worries
  • Earlier retirement planning is safe because your future may have more financial obstacles than now.
  • You can fulfill financials need of yours or anyone in you family or you can also support child's education in your family.
  • You are free from working after retirement to fulfill your financials needs.

How much will I need to save for Retirement?

Usually, your retirement income should be aproximate of 80% of your pre-retirement salary.

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