Retirement Planning Calculator with Inflation | Financial Independence Retire Early (FIRE)

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  • Опубліковано 6 сер 2024
  • Retirement Planning Calculator in India with Inflation | Financial Independence and Retire Early (FIRE) Calculator in hindi
    In this video by FinCalC TV we will see Retirement Planning Calculator in India with Inflation in Hindi. This retirement calculator will help you to know how much corpus or accumulated amount you will need before your retirement phase to cover for your monthly living expenses without having to work. This retirement calculator will also help you to know the monthly savings you need to do today to retire by specific age using inflation as well.
    Retirement Planning Calculator Online:
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    Download Retirement Calculator Excel:
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    CHAPTERS:
    00:00 Retirement Planning Calculator Intro
    01:16 3 factors to Retire Early
    02:27 Where to Invest for Retirement?
    03:25 Using Retirement Calculator with Example
    07:30 Using SIP Calculator on fincalc blog
    08:09 Step up SIP for Early Retirement
    10:50 Retirement Calculator in Excel
    16:35 Post Retirement Calculations with Inflation
    21:28 Points Considered for Retirement Calculations
    23:30 Retirement Calculator Conclusion
    WHAT IS RETIREMENT CALCULATOR USED FOR?
    - Retirement Planning Calculator can be used to know the amount of savings you need to make every month to retire at a specific age in future
    - This calculator can be used to plan your early retirement instead of retiring at normal age of 55 or 60 years
    - Above Retirement Planning Calculator for India also includes Inflation that is increasing with time. You can refer to Cost Inflation Index table here
    - With the increase in cost, your monthly expenses will also increase and this updated monthly expenses should be considered for your retirement purpose
    FACTORS TO BE CONSIDERED TO RETIRE EARLY
    Below are 3 important factors to retire early:
    1. Monthly Expenses: Your monthly living expenses should be low in order to successfully retire early. Higher the expenses, more time it will take you to accumulate the amount needed to retire. Ideally your monthly expenses should be lower than monthly income so that you save some amount every month
    2. Monthly Income: You can try to increase your monthly income in order to reach your financial target before time
    3. Investments: It is very important that you invests your savings resulting from low monthly expenses. Higher savings rate can help you to achieve retirement early
    HOW RETIREMENT PLANNING CALCULATOR WORKS TO CALCULATE RETIREMENT AMOUNT?
    The working of Retirement Planning Calculator in India is quite simple:
    - You need to provide your current age and expected Retirement age in Retirement Calculator
    - Next provide your current monthly expenses and the expected rate of inflation in upcoming years
    - The future monthly expenses will be calculated using current monthly expenses and rate of inflation based on your retirement age
    - Next you need to provide expected rate of return from mutual funds that can help your money grow over time
    - Also you need to provide the Saved Amount you have accumulated so far that can be used for your Retirement Planning
    - Using above input in calculator, you will get the calculated Monthly Savings Needed that you can save via SIP in mutual funds along with Total amount needed that should be your target before Retirement phase
    DOES THIS RETIREMENT CALCULATOR INCLUDE INFLATION COST?
    Yes the above Retirement Calculator in India considers Inflation rate as well while calculating your future expenses once you enter your Retirement phase.
    WHAT IS 4% WITHDRAWAL RULE IN RETIREMENT CALCULATOR?
    4% withdrawal rule is one of the popular rule to withdraw systematically from your accumulated corpus amount. According to this rule you should reach your total corpus in such a way that maximum 4% should be withdrawn from your accumulated amount to cover for your monthly expenses.
    #RetirementCalculator #Retirement #Fincalc
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    DISCLAIMER:
    Examples and demo used are for Illustration purpose only and might not cover every detail of examples shown.

КОМЕНТАРІ • 7

  • @fincalc
    @fincalc  8 місяців тому +1

    Retirement Planning Calculator with Inflation Video kaisa laga? COMMENT KARO 👇👇
    Use Calculator here:
    fincalc-blog.in/retirement-planning-calculator-in-india-with-inflation/
    Download Excel:
    fincalc-blog.in/retirement-calculator-in-excel-download/
    JOIN Telegram Group:
    t.me/fincalc_tv_channel

  • @Vishwakarmajiamethiwale
    @Vishwakarmajiamethiwale 7 місяців тому +2

    Nice information brothee 👏🏻👏🏻👏🏻❤️❤️❤️

    • @fincalc
      @fincalc  7 місяців тому +1

      Thanks a lot

  • @amu507
    @amu507 6 місяців тому

    Which lifespan considered after retirement? e.g.30-40-50 years.

  • @KaustubhKeluskar
    @KaustubhKeluskar 8 місяців тому +2

    Y dont you share the excel too

    • @fincalc
      @fincalc  8 місяців тому +2

      done. shared here:
      fincalc-blog.in/retirement-calculator-in-excel-download/

    • @anonymous67143
      @anonymous67143 6 місяців тому

      Sidha sidha link dete.waha har click par sirf ad AA rahe hai.pareshan hogaya download karte.fir bhi nahi hua