Savings calculator how long will it last

It helps you to plan your investments to get the desired retirement corpus at the time of retirement. The retirement planning calculator will serve two primary purposes. It shows you the amount of money you need to maintain your current lifestyle after retirement. The retirement planning calculator has a formula box where you select your present age, the age at which you plan to retire, the life expectancy, and the monthly income you will need in retirement.

The retirement planning calculator will show you the annual income you require at retirement, the additional amount you must acquire for your retirement, and the monthly savings to accumulate the retirement corpus you desire. The retirement planning calculator will estimate the amount you require in retirement. It will also calculate the corpus, which will generate the income you need in retirement. Suppose you require a monthly income of Rs 35, in retirement.

You are presently 35 years old and plan to retire at 60 years of age. We will calculate the retirement corpus to generate an annual income of Rs 18,02, at the start of the retirement period. Life Expectancy of 80 years — Age of Retirement of 60 years. Use an Excel Calculator to calculate the retirement corpus by using the PV function. You must calculate the monthly savings to accumulate the retirement corpus of Rs 3,00,48, using the PMT function in Excel.

You get Rs 31, which are the monthly savings to accumulate the requisite retirement corpus. The ClearTax Retirement Planning Calculator is a handy tool that shows the annual income you need at retirement, to maintain the current lifestyle in seconds.

Products IT. About us Help Center. Log In Sign Up. Monthly Deposit Amount Optional. This is based on your retirement savings and your inflation adjusted withdrawals. Javascript is required for this calculator. If you are using Internet Explorer, you may need to select to 'Allow Blocked Content' to view this calculator. Retirement Savings.

Retirement Planning Checklist. Seven Ways to Plan for Retirement. Investment Goal Calculator Leasing vs. View Your Account Hello! Sign in. Learn More. Calculator It's sometimes difficult to look into the future and plan for your retirement. And now that you are retired, you may be wondering if you planned successfully in order to ensure your savings will sustain your living expenses for as long as you need.