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,
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.