| Calculating retirement Corpus | ||
| Formula | Sample calculation - Years to retirement = 25, Present Montly Expenses = 15000, Rate of Inflation = 5%, Rate of Interest after retirement (RIA)= 8% Rate of Interest before retirement(RIB) = 11% | |
Estimated Future Cost of Living | Present Cost*(1+Rate of Inflation)^No of Years for Retirement | 609,544 |
| Corpus Required | Future Cost/RIA | 7,619,299 |
Yearly Savings Reqd | Corpus*RIB/(((1+RIB)^Years to retirement-1)*(1+RIB)) | 59,995 |
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2 bright ideas:
Check out for more at : http://www.jagoinvestor.com/2009/07/6-steps-of-doing-retirement-planning-by.html
Lump Sum Annuity
Hey
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