What is a Retirement Calculator ?
A Retirement Calculator is a financial tool that helps individuals plan for their
retirement by estimating the financial requirements, savings, and investments needed to maintain
their desired lifestyle during their retirement years.
How Retirement Calculator Helps you ?
- Goal Achievement: They assist in setting and reaching specific financial goals, such as a
comfortable retirement.
- Budgeting: Facilitate budgeting, taking into account inflation and investment returns for
pre- and post-retirement periods.
- Informed Decision-Making: Help individuals make informed choices about retirement
planning, considering inflation and investment factors.
- Motivation: Act as a motivator by quantifying the savings needed to realize the dream of
a secure retirement.
How to Use Swaraj's "Retirement Calculator" with Detailed Inputs ?
- Current Age: Enter your current age, which is the age you are right now.
- Retirement Age: Specify the age at which you plan to retire and stop working.
- Life Expectancy: Enter your estimated life expectancy, which is the age until which you
expect to live.
- Inflation Rate: Input the expected annual inflation rate, accounting for the increase in
living expenses over time.
- current Monthly Expenses : Specify your estimated current monthly expenses.
- Expected Post-Retirement Returns: Indicate the annual rate of return you anticipate from
your investments during retirement.
- Expected Pre-Retirement Return: Input the annual rate of return you expect on your
investments before retirement.
- Current Investment: Specify the amount you currently have saved or invested for your
retirement.
- Expected Return on Existing Investments: If you have existing retirement investments,
specify their expected return.
As soon as you input the value, the calculator will show you the estimated amount you can avail after
your investment tenure is complete.
Advantages of Using a Retirement Calculator ?
Swaraj offers the best Lumpsum calculator, which provides the following advantages -
- Goal Clarity: Provides a clear target for saving and planning to achieve the desired
retirement lifestyle.
- Budgeting Aid: Assists individuals in creating a structured retirement budget based on
their current and expected financial situation.
- Realistic Planning: Offers a realistic perspective on financial aspects and potential
affordability during retirement.
- Savings and Investment Strategy: Helps create a savings and investment strategy by
outlining the contributions required to meet retirement goals.
