Financial Planning Calculator
This personal financial calculator can help us to quantify our three major financial goals in life. The first one is retirement corpus generation. The second one is owning a home for self. The third one is to build a big enough corpus for the child’s future.
This personal financial calculator tells us how much we are saving today. It also highlights, how much we must save to achieve the above financial goals. Not only it tells us how much to save, but it also tells us how much to invest each month for each goal.
Suggested Reading: Read in detail how this personal financial calculator can help us to eliminate overspending from our life.
| RETIREMENT | Remarks | |
|---|---|---|
| Age | Your Current Age (in Years) | |
| Retirement Age | Age at which you want to retire (in Years) | |
| Net Monthly Income | Your present net income per month (INR) | |
| Monthly Expense | Total expenses incurred in a month(INR) | |
| Retirement Savings | Current Accumulated Retirement Savings in PF/EPF (INR) | |
| Monthly Investment | How much you are already contributing to PF/EPF per month (INR) | |
| Expense Reduction | Reduction in expense possible if you retire today (in %). 30% means, if present expense is Rs.100, after retirement you will spend only Rs.70 | |
| CHILD PLAN | Remarks | |
| Age | Your Child's Current Age (in Years) | |
| Education Fund | Money Required for Child's Higher Education in today's terms (INR) | |
| Marriage Fund | Money Required for Child's Higher Education in today's terms (INR) | |
| HOME BUY | Remarks | |
| House Property? | Do you already have a house property which you can sell? Yes / No | |
| Present Value (old) | Present Value of Your old Home (INR). For first time buyer it will be "zero" | |
| New Home (Yrs) | After how many years you plan to buy new home | |
| Present Value (new) | Present market value of new home (INR) | |
| Self Contribution | How much will be your downpayment for new Home (%) |
| Report - Chart |
|---|
| Savings | Remarks | |
|---|---|---|
| Time Before Retirement (Years) | ||
| Future Value of Current Retirement Corpus (Rs.) | ||
| Average Self-Contribution Per Month to EPS Till Retirement (Rs.) | ||
| EPF Corpus due to Self-Contribution till Retirement (Rs.) | ||
| EPF Corpus due to Employers-Contribution till Retirement (Rs.) | ||
| Total EPF till Retirement (Rs.) | ||
| Cost of Living After Retirement (in todays terms) (Rs.) | ||
| Cost of Living After Retirement (Future Value) (Rs.) | ||
| Retirement Corpus Required at Time of Retirement (Rs.) | ||
| Extra Retirement Corpus to be Built before Retirement (Rs.) | ||
| Time in Hand before Child's Higher Education (years) | ||
| Time in Hand before Child's Marriage (years) | ||
| Corpus Requried for Child's Higher Education (Rs.) | ||
| Corpus Requried for Child's Marriage (Rs.) | ||
| Monthly Investment (SIP) for Child's Higher Edu. Fund (Rs.) | ||
| Monthly Investment (SIP) for Child's Marriage Fund (Rs.) | ||
| Present Home's Future Value (Rs.) | ||
| Second Home's Future Value (Rs.) | ||
| Additional Funding Requried for Second Home's (Rs.) | ||
| Self Contribution for Second Home's (Rs.) | ||
| Savings (Current) | Total current savings done per month (INR) | |
| Savings (Required) | Total required savings per month for "investments" (INR) - SIP(Retirement) + SIP(Child) + SIP(Home) | |
| Requirement Break-up | Remarks | |
| - SIP (Retirement) | Investment to be done per month for retirement fund (INR) | |
| - SIP (Child Plan) | Investment to be done per month for Child's future (INR) | |
| - SIP (Home) | Investment to be done per month for home downpayment (INR) |