The Retirement Calculator
will help you learn, iterate, calculate and understand how much you need to grow your wealth before you retire and how to plan for it.
Calculate the amount needed towards Financial Freedom.
Analyse the current infusion of cash and understand the apparent future cash flows with various possibilities.
The Education Calculator
An important tool to help you plan your investments to give wings to your child’s dreams
Helps you determine approximately the money needed for your child’s dream education and how much you need to save regularly.
As a parent, you are the key to your child’s bright future. Right from the primary education to higher professional studies, your child depends upon you for all the financial support needed. Child education calculator can help determine the approximate monthly savings needed in order to build wealth in the longer-term.
Marriage Calculator
Make your child’s marriage a memorable one without draining your resources.
The child’s marriage planning calculator helps you plan your child’s marriage by considering various factors & making right allocations to achieve the dream.
This calculator will show you the wedding cost, depending on the age of the child at marriage. You get an idea of the future expenses for the child’s marriage.
Wealth Creation Calculator
To learn, iterate, calculate and help you invest.
Calculate the amount needed towards Financial Freedom.
Helps you analyse the current infusion of cash, either one time or periodic & to understand the apparent future terminal value with various possibilities
Loan EMI Calculator
Useful in planning the cash flows for servicing your loans.
calculate how much you need to pay every month towards your loan repayment,
based on the Loan amount, Interest rate and Tenure, so repayments become comfortable.
Lump-sum Investment Calculator
Will help you learn, iterate, calculate and understand how much you need to grow your wealth before you retire and how to plan for it
Calculate the amount needed towards Financial Freedom.
Helps you analyse the current infusion of cash to understand the apparent future value with various possibilities
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Retirement Calculator
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Education Calculator
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Marriage Calculator
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Wealth Creation Calculator
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Loan Emi
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Lump sump
A retirement calculator is a simple tool that allows you to figure out how much money you will need after you retire from paid, active work. The retirement calculator takes personal details like age and desired retirement age, details of current income, savings and investments, and expenses. Based on these details, it calculates how much money you will need to grow your wealth for a hassle-free post-retirement life.
Distribution of wealth or pension is calculated on the basis of an estimate of expenses you will incur on a regular basis once you retire from paid work. Retirement calculator takes into consideration current age, expected retirement age, current income and savings details. This enables it to get an estimate of the savings you will accumulate once you opt for retirement. It will also be able to tell you whether it will be enough to cover your expenses in your golden years. Based on these details, the 2nd part of calculation will make an assessment about your estimated monthly expenses after your retirement taking into account the estimated inflation.
The amount of money needed to retire differs from person to person.
You can know how much money you will need to retire by
– Calculating how much your expenses will be once you retire
– Your post-retirement plans like traveling around the world or taking up a sport, a hobby etc
– The number of dependents on you whom you need to support financially
– Unforeseen expenses that can crop up in old age
The money you need to retire is a corpus that takes care of regular needs plus unforeseen expenses.
The factors you should consider when planning for retirement are
– Identify your financial and retirement goals
– Correctly assess your current financial situation
– Plan a sound investment allocation strategy
– Take factors like longevity, inflation and unforeseen & medical expenses into consideration
Taking these factors into account, you can then decide the age you should retire. Early retirement is a desirable goal, but it can be achieved only if you have invested and saved substantially during the early part of your career.
Education is the foundation of your child’s future. Everything can be compromised with but not education. With a wish to fulfill all the dreams of your child, you should start saving for their education. In this age of cut-throat competition and ever-increasing education fees it is important to start saving early on. Gaining knowledge has become demanding these days; from studying abroad to paying for extra classes, you should use this calculator to find out the expected cost of your child’s dream future. Plan for your child’s bright future with the child education calculator. Calculate the total education expenses against inflation rate and give your child the best education
Our Child Education calculator will help you determine approximately how much money you will need for your child’s dream education and how much you need to save regularly.
As parents, we want the best for our children and their future which includes their education and other future opportunities. With life being uncertain, increasing inflation and the cost of education in reputed institutions you need to build an adequate financial corpus to meet the needs of your child.
Hence plan your child’s education early on and invest in the right asset class to build funds that meet their future financial requirements.
Here are 4 pointers to help you decide:
1. Be clear about your goals: As parents, we want to give our children the best education and this dream can be achieved only by planning ahead. First, it is important to understand their goals. Once you understand the goals you are aiming for, planning automatically becomes easy with questions like the period of investment, the amount required, and other parameters. This will help you lay a roadmap ahead to meet and understand the future education requirements for your child.
2. Understanding Inflation: Inflation has a major impact on the value of investment required. Education only gets more expensive hence it is important to consider future value and amount required to meet the goals set. If you do not calculate your inflation wisely it will cost additional expenses and efforts when required.
3. Choose your plan carefully: You need to consider good investment options and this decision needs to be done wisely. Your plan will depend on your risk appetite, volatility of the market and tenure. Do your research well before choosing the financial instrument that meets your goals.
4. Protect your goals: In your absence, your appointee, a person that you choose will invest and will use the sum assured. Make sure the appointee is chosen wisely to protect the goal so your child can fulfill their dreams.
– Planning helps you to handle the sudden expenses associated with the child’s marriage.
– Timely investments help counter the impact of rising inflation rates.
– You will not have to disturb your retirement fund or even the money set aside for children’s education.
– Building a steady corpus by setting aside a small amount each month relieves financial stress.
This Calculator is a handy easy to use few inputs required like.
– Current marriage cost.
– Expected inflation rate.
– Enter in the current age of the child and also the child’s age at the time of marriage.
– The marriage expenses calculator will show you the future cost of the child’s marriage.
– If you have already invested some money for the child’s marriage, you must fill up the amount.
– You then fill the expected rate of return on this investment.
– The Calculator will show you the investment required per month to meet your child’s marriage expenses.
– Planning helps you to handle the sudden expenses associated with the child’s marriage.
– Timely investments help counter the impact of rising inflation rates.
– You will not have to disturb your retirement fund or even the money set aside for children’s education.
– Building a steady corpus by setting aside a small amount each month relieves financial stress.
EMI stands for Equated Monthly Installment for the loan you avail from your bank. The EMI consists of the principal portion of the loan amount and the interest. Therefore, EMI = principal amount + interest paid on the loan. The EMI, usually, remains fixed for the entire tenure of your loan, and it is to be repaid over the tenure of the loan on a monthly basis.
Mathematically, EMI is calculated as under:
P x R x (1+R)^N / [(1+R)^N-1]
P = Principal amount of the loan
R = Rate of interest
N = Number of monthly installments.
Here are the five benefits of using the EMI calculator:
– Easy to access
– Saves time and energy instead of performing manual calculations
– Provides quick results
– Helps you ascertain if the monthly EMI is affordable or not
– Aids you in financial planning
Do note that during the initial years of your loan tenure, you pay more towards interest, and gradually, as you repay the loan, a higher portion is adjusted towards the principal component (see table below). This is because; EMIs are computed on a reducing balance method, which works in your favor as a borrower.
Remember, the interest rate and your loan tenure are the vital deciding factors for your loan EMI. Higher the interest rate on the loan, higher will be your EMI and vice-versa. Similarly, a shorter loan tenure increases your EMI and vice versa.
This calculator will help you to plan and build your wealth through SIP or staggered investment to reach your target wealth. Systematic Investment Plan (SIP) allows you to make small investment at regular intervals to help you achieve your dreams.
Systematic Investment Plan or SIP is an alternative to one-time investment offered by Mutual Funds where you can invest your money in installments at periodic intervals. It is a perfect option for small investors who do not wish to invest large sums of money at a time and would want an auto-investment at regular intervals.
SIP also helps in averaging out the pitfalls of the market unpredictability by diversifying the investment at different levels of market. A weak market gives you a chance to buy more mutual fund units, and a strong market increases the value of the units bought at a lower price. This SIP calculator helps you compute the investment amount and the future value of your SIP.
It is quite easy. You need to feed in the following information for the calculator to process, namely:
– Monthly Investment amount
– Investment period
– Expected rate of return
– Estimated inflation if you want the real rate of return otherwise do not put any figure
There are several financial benefits for investors when they opted this way
– Rupee cost averaging
When you invest through SIP or stagger way, you don’t have to worry about timing the market. This way ensure that you purchase more fund units when the market is low and lesser units when the market is high; this is known as rupee cost averaging. It helps investors generate relatively reasonable returns without worrying about market volatility.
– Power of compounding
Compounding is the process of earning income on your principal investment plus the income earned. The longer you invest, the better could be your returns.
– Simple to invest
Investing in mutual funds through SIPs can be easy. When you decide the amount you wish to invest, merely provide an auto-debit instruction to your bank account. This transfers the investment amount directly to the fund.
– Ideal tool for financial planning
You may have various goals you wish to achieve in life.
This calculator helps estimate the future value on a lump-sum investment with various possibilities like rate o return and time period of investment. Simply fill in the necessary details and the calculator will compute future value based on the data provided.
Here are some of the benefits of using a lump-sum calculator:
– It provides you with the estimated future value with various input like investment amount, expected rate of return, and tenure (1-year, 3-years, etc.) etc.
– It helps investors plan and manage their finances better once they have an estimated idea of the maturity value of their investment(s).
– Using a lump-sum calculator saves time spent on making manual calculations and also aids in avoiding human errors.
– It is quite easy and convenient even for novice investors to use a lump sum investment return calculator with ease.
This calculator is an automated tool that does all the complicated math for you. An investor usually needs to enter the following details into the tool:
– The quantum of the investment
– The period for which they are willing to stay invested
– The expected rate of return that the investor assumes investments is predicted to earn
Once the above inputs are made, this calculator will calculate the future value of the investment.
Lumpsum Calculator Formula to calculate mutual fund returns
Lumpsum calculators use a specific formula to compute the estimated returns on investments. It is a compound interest formula with one of the variables being the number of times the interest is compounded in a year.
fv = P (1 + r/n) ^ nt
Here,
fv = Future Value
P = Present value of investment
r = estimated rate of return
t = tenure
n = number of compound interests in a year
As stated earlier, an investor can choose to invest in mutual funds via two methods – SIP or lump-sum. Let’s understand these two investment methods in detail:
– Lumpsum investments
Under a lumpsum investment, an investor invests a certain sum in a single transaction. However, it could be risky if you decide to invest a significant corpus at once.
To avoid this, investors can choose to invest systematically over a period of time using a Systematic Transfer Plan, also known as STP. STP is an automated way of transferring a pre-defined amount of money regularly from one fund to another. This process is usually chosen by those investors who wish to make a lumpsum investment but also want to avoid the risk of timing the market and leverage market volatility.
Or, it is chosen by those investors who have a lumpsum amount and wish to invest in equity-oriented mutual funds. The lumpsum amount is invested in debt funds and systematically transferred to equity funds when the market is ideal for investments in equity mutual funds.
– SIP investment
Under SIP investments, an investor invests a fixed amount of money in a particular mutual fund scheme at regular intervals. The investment amount, tenure of the investment, and the periodicity of the investments is predetermined.
Under the SIP investment methodology, an investor can invest as low as Rs500. The periodicity of these investments can be daily, weekly, bi-weekly, monthly, quarterly, or annually. This builds a regular savings habit in the investor and also instils a sense of financial discipline.
Investors who invest via SIP also benefit from rupee cost averaging, which means that they can buy more units when the prices are low and vice versa. This helps them average out the cost incurred to purchase a single unit of a mutual fund scheme.
