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Retirement Planning Calculator

A Retirement Planning Calculator is a financial tool designed to help individuals estimate how much money they need to save for retirement. It considers various factors like current savings, income, expected expenses, inflation, and retirement goals. Here's an overview of its key features and how it works:

  • Goal Setting
  • Realistic Projections
  • Scenario Testing
  • Peace of Mind
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Amount you want to have for your retirement (Rs)
500
Your age today (in years)
1
Age you plan to retire (in years)
1
The expected rate of inflation over the years (% per annum)
1
The expected rate of return on your investments (% per annum)
1
Your Current savings (Rs)
1
Rs. 2,16,09,712
Retirement Amount
30 Years
Growth of your Savings Amount
Rs. 2,483
Final Targeted Amount
Rs. 2,483
Total Amount Invested through SIP in 30 years
Rs. 2,17,10,408
Number of years you need to save
Rs. 2,17,10,408
Monthly Savings required
Rs. 2,17,10,408
Total Amount Invested in 50 years
Rs. 2,17,10,408
Total Growth Amount
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FAQ

Frequently Asked Question

What is a mutual fund?
A mutual fund is a pooled investment vehicle that collects money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities. It is managed by professional fund managers.
How do mutual funds work?
Investors buy units of a mutual fund, and their money is combined with others. The fund manager uses this pool to invest in various assets. Any gains or losses are distributed proportionally among the investors based on their units.
Are mutual funds safe?
Mutual funds are subject to market risks. However, the risk level varies depending on the type of fund. For example, equity funds are higher-risk, while debt funds are relatively safer.
Can I lose money in mutual funds?
Yes, mutual funds are linked to market performance, so there is a risk of loss. The extent of loss depends on the type of fund and market conditions.
What is the expense ratio?
The expense ratio is the annual fee charged by the mutual fund to manage your investments, expressed as a percentage of the fund's assets.