Retirement Planning Calculator

Goal Amount
Inflation Rate
%
Expected Returns
%
Tenure (years)
Current Amount
  • Inflated Amount
  • ₹ 00.00
  • Your money growth
  • ₹ 00
  • Difference Needed
  • ₹ 00
  • SIP Amount Needed
  • ₹ 00

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Using the 5paisa Investment Planning Calculator is easy and straightforward. Here’s a simple guide for you:

Enter Your Goal Amount: Start by entering the amount you want to reach for your goal, whether it's for your child’s education, a car purchase, or retirement.

Set the Inflation Rate: Input the expected inflation rate to ensure your goal is adjusted for future price increases. You can choose an estimate based on historical data.

Define Expected Returns: Enter the average annual return rate that you expect from your investments. If you're unsure, you can use a conservative estimate or refer to the expected returns for various asset classes.

Choose the Tenure: Set the number of years you plan to invest. 

Add Current Savings: If you have already saved or invested part of your goal amount, enter it here to get a more accurate estimate of the additional amount needed.

Once all inputs are filled, the calculator automatically calculates the SIP amount needed per month to reach the goal. The calculator will instantly show you how much more you need to invest, your inflated goal amount, and the monthly SIP needed to reach your goal.
 

Several features of the calculator make it unique to help accurately estimate how much you need to reach your goal.

Goal Amount - By entering your desired goal amount, the calculator tailors your investment amount to meet that specific target in the timeframe you have outlined. It adjusts other variables to show you exactly how much you need to invest monthly to achieve your goal.

Inflation Rate - The inflation rate helps adjust your goal amount for future price increases, giving you a more realistic picture of what your goal will cost in the future. 

Expected Returns - The expected returns show how your money will grow over time, based on the type of investment you choose. 

Tenure (Years) - The tenure determines the amount of time you have to reach your goal. The longer the period, the lower your monthly contribution can be, as your investment has more time to grow.

Current Amount - This lets the calculator know how much you've already saved or invested. By factoring in your existing savings, it reduces the amount you need to save moving forward.

This investment planning calculator takes a goal-based approach to help you plan your investments. Below are a few benefits of the calculator:

Clear Planning: The investment planning calculator helps you understand how much you need to save and invest for any particular bucket each month. So, sticking to your plan becomes easier .

Goal-Oriented Approach: Whether it’s buying a house, going on vacation, or retirement, the goal-based approach makes planning investments easier. 

Realistic Projections: By factoring in inflation and expected returns in the , it gives you a more realistic view of your financial future.

Time-Saving: You can get instant calculations without needing to rely on complicated formulas or financial experts.
 

Let’s say for example, you are planning to save ₹30 lakh for your child’s education over the course of 15 years. You have ₹5 lakh already saved, and you expect a return of 8% per annum on your investments. You are also expecting inflation figures to be around 6% per year over the next 15 years. So, here’s what you need to input in the 5paisa Investment Planning Calculator:

  • Goal Amount: ₹30 lakh
  • Current Savings: ₹5 lakh
  • Inflation Rate: 6%
  • Expected Returns: 8%
  • Tenure: 15 years

Now, the calculator will tell you how much you need to invest each month to bridge the gap and reach your goal. Based on your inputs, you might find that you need to invest ₹16,086 per month to reach your target of saving ₹30 lakhs for your child's education. 

Using the investment planning calculator is a cakewalk! All you have to do is set some goals and let the calculator show you how you can reach it. 
 

Disclaimer: The calculator available on the 5paisa website is intended for informational purposes only and is designed to assist you in estimating potential investments. However, it is important to understand that this calculator should not be the sole basis for creating or implementing any investment strategy. View More..

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