Wealth Calculator or The Future Wealth Calculator brings you some awesome financial planning features like long-term investment, withdrawal plans, etc. The free tool that offers you to plan your set of goals in the easiest way. So, how wealth calculator can help you? Let's take an example: assume your age is 22 years, and holding a job that gives you a monthly income of roughly 40k. Naturally, you are saving a portion of your income each month to create wealth for your future goals. Let's assume you are going to buy a house in the next 5 years, and then after 10 years, you will need a lump sum for your first business capital and so on. So, this is a continuous process, with few planned and few unplanned goals. The wealth calculator is the tool that will save you plenty of time calculating how much money you should invest regularly. Here is an example:
Initial Capital | Rs. 10,00,000.00 (10 Lakh) |
Investment | Rs. 35,000.00 / Month |
Duration | 30 Yrs. |
Rate of Return | 12% (CAGR) |
Step-Up Contribution / Year | 5% |
Inflation | 5% |
Stop Contribution After (Years) | 10 Years |
Withdrawal/ Goal Plans | |
Lumpsum for Buying House (On 7th Year) | Rs. 20,00,000 (20 Lakh) |
Business Capital (In 11th Year) | Rs. 25,00,000 (20 Lakh) |
Returns | |
Corpus (After 30 Years) | Rs. 3,53,44,209.00 (3.53 Cr.) |
Growth Chart | |
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