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05 Sep 2010 16:51:31 PM
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Retirement Planning
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Am I saving enough for my retirement?
Can't determine whether or not you are saving enough for retirement? Might as well take a shot at this one.
You start by estimating how much you need for a comfortable retired life in current rupee terms.
This figure is bound to increase as you take inflation into account.
My age (years)
Age I plan to retire (years)
Amount I want to retire with (Rs)
Current savings (Rs)
Monthly savings (Rs)
Return on investments (% p.a.)
Expected inflation (% p.a.)
Clear
You need to save (Rs)
p.m
At retirement you would require (Rs)
With your current savings you should be able to save (Rs)
You start by estimating how much you need for a comfortable retired life in current rupee terms.This figure is bound to increase as you take inflation into account.
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