Financial Freedom Calculator – Version 1

Published: December 2, 2012 at 8:48 am

Imagine having a corpus big enough to generate enough money to handle all your annual expenses while still growing to keep pace with inflation for your lifetime!

You would then be financially free! Of course you will have to be free of debt as well. You are then ready to retire or work whenever you want!

Find out when you can achieve financial freedom with this calculator.

There are two options: one version for a person with no debts and another for a person with a home loan (or any one loan) with amortization options.

If you have other financial goals then you need to be careful in entering the amount you can save for financial freedom. The same goes for someone young and unmarried but is likely to marry and start a family in future,

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This calculator is similar in some sense to the ‘When can I Retire? Calculator’ I made earlier. This is different in the computation method, is probably easier to use and has loan amortization options.

Go ahead give it a try. I would appreciate a few words of feedback.

Download the Financial Freedom Calculator

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About the Author M Pattabiraman author of freefincal.comM. Pattabiraman(PhD) is the author and owner of  He is an associate professor at the Indian Institute of Technology, Madras since Aug 2006. Pattu” as he is popularly known, has co-authored two print-books, You can be rich too with goal based investing (CNBC TV18) and Gamechanger and seven other free e-books on various topics of money management.  He is a patron and co-founder of “Fee-only India” an organisation to promote unbiased, commission-free investment advice. Pattu publishes unbiased, promotion-free research, analysis and holistic money management advice. Freefincal serves more than one million readers a year (2.5 million page views) with numbers based analysis on topical issues and has more than a 100 free calculators on different aspects of insurance and investment analysis. He conducts free money management sessions for corporates  and associations(see details below). Previous engagements include World Bank, RBI, BHEL, Asian Paints, TamilNadu Investors Association etc. Contact information: freefincal {at} Gmail {dot} com (sponsored posts or paid collaborations will not be entertained)
Want to conduct a sales-free "basics of money management" session in your office?
I conduct free seminars to employees or societies. Only the very basics and getting-started steps are discussed (no scary math):For example: How to define financial goals, how to save tax with a clear goal in mind; How to use a credit card for maximum benefit; When to buy a house; How to start investing; where to invest; how to invest for and after retirement etc. depending on the audience. If you are interested, you can contact me: freefincal [at] Gmail [dot] com. I can do the talk via conferencing software, so there is no cost for your company. If you want me to travel, you need to cover my airfare (I live in Chennai)

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Content Policy

Freefincal has original unbiased, conflict-of-interest-free,  topical reports, reviews, commentary and analysis on all aspects of personal finance like mutual funds, stocks, insurance etc. All guest authors and contributors to the site also do not have any conflict of interest. If you find the content useful, please consider supporting us by (1) sharing our articles and (2) disabling ad-blockers for our site if you are using one. No promotional content We do not accept sponsored posts and link exchange requests from content writers and agencies. This is our privacy policy Our website is non-profit in nature. The revenue from the advertisement will only be used for hosting charges, domain registration charges, specific plugins necessary for traffic growth and analytics services for search engine optimisation.

Do check out my books

You Can Be Rich Too with Goal-Based Investing

You can be rich too with goal based investingMy 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 custom solutions for your lifestyle! Get it now.  It is also available in Kindle format.
Gamechanger: Forget Startups, Join Corporate & Still Live the Rich Life You WantGamechanger: Forget Start-ups, Join Corporate and Still Live the Rich Life you wantMy second book is meant for young earners to get their basics right from day one! It will also help you travel to exotic places at low cost! Get it or gift it to a young earner

The ultimate guide to travel by Pranav Surya

Travel-Training-Kit-Cover 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)

Free Apps for your Android Phone

All calculators from our book, “You can be Rich Too” are now available on Google Play!
Install Financial Freedom App! (Google Play Store)
Install Freefincal Retirement Planner App! (Google Play Store)
Find out if you have enough to say "FU" to your employer (Google Play Store)

Blog Comment Policy

Your thoughts are vital to the health of this blog and are the driving force behind the analysis and calculators that you see here. We welcome criticism and differing opinions. I will do my very best to respond to all comments asap. Please do not include hyperlinks or email ids in the comment body. Such comments will be moderated and I reserve the right to delete the entire comment or remove the links before approving them.


  1. Hi Mr.Pattabiraman M, i received many mails on financial literature but when ever ur mail drop@my inbox is really worth reading,its very useful and i can understand ur hardwork and experience behind all the calculators u have made.Thanks,Umang Agarwal,New Delhi.

  2. Hi Pattu,
    I came here through subra’s blog. Downloaded financial freedom calculator, trying to enter nos and see the result in Calc in linux. Whatever no I enter for my take home income, even though investible surplus correctly changes, the “Then home loan will get closed after (years)” remains at 0.4. My range of surplus entered was 50k to 1L and outstanding loan was 15L. So it can never happen in 0.4 years. Something is wrong. Havent tried with microsoft excel.

    1. Dear Aprana, Thanks for trying out the calculator. Most excel will not convert correct in openoffice. I have uploaded this calculator to microsofts skydrive and have sent you an invite to view. Let me know if the error persists. Thanks

  3. Hi Pattu,

    I have used FD other calculators it is good.

    If you provide a Savings Bank Account Calculator it will be very help full.
    we can cross check with the bank.

    1. Hi, Thank you. Yes I did consider a savings bank account before but I am not able to get the correct formula to do this. Will keep this in mind.

  4. Hi Pattu,
    The blog is excellent with so many calculators and I have started looking into different calculators.
    While using the freedom calculator I found out that the total current investments is missing from this calculator in without liabilities sheet.

    1. Hi Santhosh, Both sheets have a ‘current assets’ and ‘rate of return on your assets’ entries. This should handle current investments.

  5. Dear Sir, I’m trying to understand the calculations, could you please clarify how you used [(1+ffret)/(1+inf)-1] as the rate to be used in PV formula (cell F2, Without Calculations sheet)? I understand how the PV formula works, but I’m not able to derive the formula used for the rate, is it related to growing annuity formula?

  6. Dear Pattu,

    Really appreciate your work in giving people like us in getting to learn about financial planning. I have tried using this calculator and found it making sense to know about future expenses, inflation and other criteria s.
    However, I would like to comment that how can I ensure that this is the amount which I need to invest monthly or annually in order to attain this retirement corpus? This is required in case of a person, reaching his retirement in another 10-15 yrs and financial freedom calc mentions it about 20 yrs or more, to reach fin. independence. This will help that person to increase its allocation and reduce this time period.

    Thanks & Regards

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