Effect of interest rate on savings

My age (yrs)

Age I expect to retire (yrs)

Amount I want to retire with

My current savings

My monthly savings

Return on investment (% p.a)

You need to save p.m

At retirement you would require

With your current savings you should be able to save

You start by estimating how much you need for a comfortable retired life in current rupee terms.This figure is bound to increase as you take inflation into account.