This calculator is inspired by a couple of posts (links below) on retirement by Subramoney. It allows you to guess how much you need for financial independence during retirement and computes the corresponding pension or how long the corpus will last if it has to match future expenses indexed to inflation. It also calculates the…
Continue reading →Portfolio rebalancing refers to the realignment of the asset allocation of a portfolio (% in stock/equity, % in bonds/debt) back to the original asset allocation planned for the investment. This is done to control risk and increase the potential for returns. You can read more about this here: http://invest-it-yourself.com/rebalancing.php I have developed a portfolio simulator…
Continue reading →Ever Since I started this I have benefited immensely from a few users who have evaluated the calculators thoroughly. Many errors were corrected and I have come to realize how complex each person’s financial situation is. Yesterday I was contacted by someone who was going to retire next year and had trouble using my online…
Continue reading →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!…
Continue reading →Thinking of taking a car loan? Hold it right there! Did you know that the value of a brand new car depreciates by 20% when you drive out of the showroom! Add to this a 15% depreciation in value each year (assuming normal wear and tear) the govt recommends! This implies in the first few…
Continue reading →Use this calculator to simulate sensex returns from 1980 onwards. This gives you an idea of how the stock market works. If you average sensex returns over a 15-year or 20-year period you will get somewhere like 10%-15% so staying in equities for a long time is crucial. Howeverwhen you start investing can affect your…
Continue reading →You can use this calculator to determine the compounded annualized growth rate on your investments like endowment policies, ULIPS, Chit funds or any investments where you have made some payments and received some money either periodically or as a lump sum at the end. You will be surprised how easy it is to calculate this using…
Continue reading →Say you have investment period of 15 years and you want to invest: i) Rs. 1000 for 3 years @ 10% interest each year ii) Rs. 5000 for next 5 years @ 8% interest each year iii) Rs. 9000 for next 7 years @ 7% interest each year how much will you accumulate? Find out…
Continue reading →A monthly budget is more than how much is spent on groceries and petrol. Sure, you need to keep track of your total expenses. You also need to keep track of how much you save towards retirement and all your other goals. You also need to check if your savings are on track year after…
Continue reading →Retirement planning is a complicated financial goal. When you save for a new car, exotic holiday or even for the education of your children, all or most of the accumulated corpus would get spent when the time for the goal arrives. So it is easier to calculate the corpus required for such goals. When it…
Continue reading →Online financial health checkers usually are based on “personal finance ratios”. read more about them here. There are more useful to the finance professional than to the layman to assess the financial state of an individual. So I made this financial health checker which does not reply in these ratios. In fact you could even…
Continue reading →When you make a financial plan/calculation you usually assume some inflation rate and interest rate. However, there is no guarantee that these rates will be the same as the ones you assumed. If actual inflation was lower and actual interest rates higher, great! Well you know that is a pretty rare scenario. What is likely…
Continue reading →Can you become financial independent and retire in 5 years? I came across the Early Retirement Extreme blog sometime back. Dr. Jacob Lund Fisker is a theoretical physicist who became financially independent in 5 years by saving upwards of 75% of his take-home pay. He has also written a book about how he did it….
Continue reading →Unfortunately there is, or at least can be, a big difference between: “When I WANT to retire” and “When I CAN retire” WANT is governed by job pressure, stress, burnout etc. CAN is unfortunately governed by how one can save, inflation, interest rates, life expectancy Find out when you CAN retire using the excel based…
Continue reading →How Much Insurance Do I need? Use this comprehensive needs approach insurance calculator to find out. Before calculating the insurance amount required for you, please take a moment and recognize that anyone of us can die at any time. Remember how you felt when heard of someone young die suddenly. When you fill this excel…
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