Why should you plan for retirement?
Systematic Investment Plan is nothing but a time related small amount of investment where you can do your investment in regular intervals.The SIP amount invested is same across the entire tenure. This is perhaps one of the best ways to enter equity markets.The minimum amount that can be invested through SIP Mutual Funds is Rs.500/month.
What is retirement calculator?
Retirement Calculator is a great tool to know how much corpus you need to accumulate by the time you retire. Hence, you don’t have to financially depend on anyone else after retirement.
Further, you just have to enter few basic details, such as your current age, expected retirement age, your current monthly expenses, expected inflation, current savings, life expectancy and pre and post retirement return. The complex calculation will be done automatically and result will be displayed.
The best part about this calculator is its user friendly interface. Hence, you can easily input the values and the corpus that should be accumulated will be calculated automatically.
Benefits of Retirement Calculator
As mentioned above, the best part about this retirement calculator is its simple user interface. Further, you will get to know the estimated corpus amount that will be required at the time of retirement.