Year | Principal (A) | Interest (B) | Total Payment (A + B) |
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Customised Planning: By entering your specific financial data, such as age, income, and desired retirement age, KreditBee's calculator provides customised projections based on your unique circumstances.
Visual Insights: Our retirement planning calculator provides graphical representations of your projected savings growth. It also helps you visualise how your investments will accumulate over time.
Goal Setting: Our calculator helps you establish clear financial targets for retirement by showing you how much you need to save regularly to achieve your desired retirement lifestyle.
Monthly Savings (P): ₹5,000
Monthly Interest Rate (i): 8% annual rate divided by 12 months = 0.08/12 = 0.00667
Total Number of Periods (n): 30 years × 12 months/year = 360
Enter Personal Details: Input your current age and the age at which you plan to retire.
Input Savings Information: Provide details about your current savings and monthly contributions.
Set the Rate of Return: Enter the expected annual return rate on your investments.
Calculate and Review: The calculator will generate a projection of your future retirement savings, showing how much you'll have accumulated by your retirement age.
Accurate Projections: Provides reliable estimates of your future retirement savings based on your inputs.
Easy Tracking: Monitor your progress over time and make adjustments to your savings plan as needed.
Instant Updates: Receive immediate feedback and updates on your retirement planning, helping you stay informed and adjust your strategies promptly.
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