Retirement Planning: Cost of Postponement Calculator!

This is a calculator which hopes to impress upon you how expensive it can be to postpone planning for retirement.

Talk to an average person in his/her mid-20s today about retirement planning and the typical response is:

“Please stop! I have just started earning and want to ‘enjoy life’. Buy a car and many other I always wanted. My retirement is decades away. Let we worry about that down the line”.

You talk to them about inflation in consumer items and health care, tell them they will have other priorities and goals once they get married with an inevitable increase in expenses. To this they condescend a little and agree to get started ‘soon’.

Unfortunately ‘soon’ translates as couple of years! Inaction makes time fly!

This calculator give the monthly investment needed for retirement planning now, one year later, two years later, and so on.

The cost of postponement compounds (that is increases exponentially) with each passing year with a rate that is close to double the rate of inflation! In fact I was pleasantly surprised to note that this rate is independent of inflation!

What this means in simple terms is: postponing retirement planning is a sure shot way to lose financial independence in your retirement. The amount needed to save each month would become so huge if postponed by just a few years that it would be impossible to match your expenses in retirement.

Inflation is a very important parameter in financial planning. However postponement, specifically inaction is the biggest enemy.

Check for yourself!

Download the cost of Postponement Calculator!

This calculator was suggested by PV Subramanyam who blogs at subramoney.com

If you have already started investing towards your retirement please forward this calculator to your friends who have done nothing about it.

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You Can Be Rich Too with Goal-Based Investing

My first book is meant to help you ask the right questions, seek the right answers and since it comes with nine online calculators, you can also create customg solutions for your lifestye!Get it now.  It is also available in Kindle format.

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This is a deep dive analysis into vacation planning, finding cheap flights, budget accommodation, what to do when travelling, how travelling slowly is better financially and psychologically with links to the web pages and hand-holding at every step.  Get the pdf for ₹199 (instant download)

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Create a "from start to finish" financial plan with this free robo advisory software template

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Free Apps for your Android Phone

All calculators from our book, “You can be Rich Too” are now available on Google Play!

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Install Financial Freedom App! (Google Play Store)

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Install Freefincal Retirement Planner App! (Google Play Store)

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Find out if you have enough to say "FU" to your employer (Google Play Store)

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