Retire Calculator

Due to its challenging nature, retirement planning is often overlooked by many individuals. Fortunately, with the right retirement calculator, you can simplify the process significantly. It is a unique and powerful tool that can help you estimate how much you need to save for a comfortable post-retirement life. The calculator factors in multiple variables, ranging from your age and expected expenses to your retirement goals, to provide valuable insights that you can use to build a strong financial future.

The Research 360 retirement calculator can be an invaluable resource for individuals planning their financial future. Here is a quick overview of the different ways in which this tool can help you with retirement planning.

• Estimates Retirement Corpus: The primary advantage of the Research 360 retirement calculator is its ability to estimate the funds you will need to save up for a comfortable retirement. In addition to this, the tool can also break it down further by displaying the amount of money you need to save each month to reach the estimated corpus.
• Takes a Holistic View: Research 360’s retirement planner takes into account multiple variables to provide you with an accurate and personalised projection of your retirement needs. These factors include your age, estimated monthly expenses post-retirement, the kind of retirement you want, and the type of investments you plan to choose.
• Helps Draw Comparisons: EWith Research 360’s retirement fund calculator, you can adjust the variables to determine how these changes affect your ability to save up for retirement. Additionally, you can construct different scenarios and compare them with one another to identify the right investment strategy

Research 360’s retirement savings calculator provides you with a comprehensive estimate of your retirement corpus by analysing multiple variables. The tool uses your current age to determine the number of working years left. It then factors in your monthly expenses and the kind of post-retired life you intend to live to determine the amount of funds you require. The calculator also considers the type of investments you intend to make to estimate just how much you need to save each month to reach your intended corpus.

Here is a hypothetical scenario that explains how our retirement calculator works.

Assume you are a 28-year-old individual who plans to retire when you reach 60 years of age. This means that you have 32 years of employment left. Your average monthly expenses come up to around Rs. 50,000. Since you are someone with high risk tolerance, you intend to invest in mutual funds and other equity-related instruments to accumulate your retirement corpus.

According to our retirement savings calculator, you will need to accumulate a corpus of Rs. 11.18 crore to retire comfortably, which involves saving Rs. 20,500 each month until you retire.

UUsing the Research 360 retirement calculator is straightforward and user-friendly. Here is a step-by-step guide on how you can leverage this tool for your retirement planning purposes.

• Step 1: Enter your current age.
• Step 2: Enter your monthly expenses
• Step 3: Specify the kind of post-retirement life that you wish to lead.
• Step 4: Specify the type of investment options you would like to invest in to reach your retirement corpus goal.

Once you enter the above information, the retirement planning calculator will instantly project the amount of money you need to reach your retirement goal including the amount of money you need to save each month

The Research 360 retirement calculator offers several advantages to the users. Here is a quick overview of some of the tool’s key benefits.

• It provides a clear picture of the financial requirements for a comfortable retirement life.
• It helps identify potential shortfalls in your retirement savings strategy.
• It assists you in setting realistic retirement savings goals based on your unique financial situation.
• It allows you to experiment with different scenarios and investment strategies.
• It helps you save time by eliminating manual calculations entirely and producing results instantly.