Calculator your Retirement Savings

Here is a simple guide on how to use a Retirement Calculator:

1. Enter your current age.
2. Input the age at which you plan to retire.
3. Fill in your current monthly or yearly expenses.
4. Provide an estimate of inflation rate to account for rising costs over time.
5. Enter the expected rate of return on your investments.
6. Fill in any existing retirement savings or investments you already have.
7. Provide your life expectancy or how long you expect your retirement to last.

After entering these details, the calculator will estimate:

• The total retirement corpus you need to accumulate.
• Monthly expenses at the time of retirement adjusted for inflation.
• How much you need to save monthly or as a lump sum to reach your retirement goals.
• Years left until retirement.

Tips:

Consider different scenarios by adjusting inputs to see their impact on retirement savings

Use the calculator regularly to update with changing expenses, inflation, or investment returns.

This tool helps plan finances to maintain your lifestyle post-retirement.