Lets you calculate the amount you need to invest in order to accumulate your desired retirement corpus
How much you need to invest per month
You have to invest a minimum of
xx as lump sum and
xx monthly towards building your retirement corpus. You may also like to consider investing a higher amount and thereby, accumulate a higher retirement corpus to take care of emergency expenses.
Calculation Methodology: The above calculation is based on monthly compounding of the rate of return you have entered, over the number of years of your retirement for the required retirement corpus. For example, if you have entered 15% rate of return for 30 years, the calculator uses 1.25% (15% divided by 12) for 360 months (30 years multiplied by 12) to calculate the amount you need to save per month to accumulate your desired retirement corpus