Financial Kundali presents a simple excel based calculator with the help of which you can plan your finances for your Retirement Planning.
Age: Your current age
Retirement Age: Age at which you wish to retire
Life Expectancy: This is very crucial. Prop.er care should be taken while entering this figure. You will be left with Zero amount after this age.
Present Monthly household expenses: Monthly expenses on your household expenses.
Inflation: Default inflation rate is taken as 7%, though you can change it. Learn more about inflation in my article Inflation & you.
Investment Rate: Enter the rate at which your savings will be done.
Current Savings: Enter the amount you have already saved for retirement planning.
Recommended articles for you: