Inflation Adjusted Future Cost Calculator: In July 2024, the retail inflation component has come close to 4 percent annually. That is, inflation is increasing at the rate of 4 percent every year. Which directly means that we have to spend 4 percent more every year to meet all our needs. This makes one more thing clear that if our expenses are met in Rs 1 lakh right now, next year we will have to spend Rs 1 lakh more. It will increase every year. In such a situation, have you thought about how much money you will need to run your house properly like the present after the next 20 years, 25 years or 30 years. And how will this need be met. Know about inflation based future cost.
SIP Long Term: A 30-year old investor’s wealth will increase 30 times on retirement! How much SIP will be required for a fund of Rs 5 crore
Future Value Calculator : After 20 years
Monthly income: Rs 1 lakh
(The amount with which the household runs properly)
Inflation rate: 4 percent
How much income is required after 20 years: Rs 2,19,112
That is, if now the household expenses are being met with a monthly income of Rs 1 lakh, then after 20 years, Rs 2.19 lakh will be required for it.
Future Value Calculator : After 25 years
Monthly income: Rs 1 lakh
(The amount with which the household runs properly)
Inflation rate: 4 percent
How much income is required after 25 years: Rs 2,66,584
That is, if now the household expenses are being met with a monthly income of Rs 1 lakh, then after 20 years, Rs 2.67 lakh will be required for it.
Return in Tata MF: Tax saving scheme made 1 lakh into 1.5 crore, Tata Mutual Fund did wonders
Future Value Calculator : After 30 years
Monthly income: Rs 1 lakh
(The amount with which the household runs properly)
Inflation rate: 4 percent
How much income is required after 30 years: Rs 3,24,340
That is, if now the household expenses are being met with a monthly income of Rs 1 lakh, then after 20 years, Rs 3.24 lakh will be required for it.
Compounding 7-3-2 Rule: Your wealth will increase by 1 crore every year, understand this excellent formula of compounding
NPS: First make arrangements for pension and a large corpus
Age limit for joining the scheme: 30 years
Investment in NPS every month: Rs 25,000
Total years of investment: 30 years
Total investment made: Rs 90,00,000
Estimated return on investment: 10 per cent per annum
Total Corpus: Rs 5,69,83,134
What percentage of pension wealth to purchase annuity: 60%
Pension amount: Rs 3,41,89,880
Lump Sum Value: Rs 2,27,93,254
Estimated return on pension amount investment: 8 percent
Monthly Pension: Rs 2,27,993
LIC Best MF Schemes: Target of raising 25 lakhs achieved by investing 2 lakhs, 5 schemes with 12 times return in 20 years
SWP: Increase monthly income by investing lump sum funds
In the above calculation, your lump sum fund is Rs 2.27 crore. Out of this, you can invest Rs 1 crore in Systematic Withdrawal Plan. While the remaining part of the lump sum can be kept in your bank account for your emergency needs.
Investment in SWP: Rs 1,00,00,000
Tenure: 25 years
Estimated return: 12%
Monthly Withdrawal: Rs 1,00,000
Final value: Around Rs 14 lakh
That means, even after withdrawing Rs 1 lakh every month for 25 years, around Rs 14 lakh will be saved in SWP.
Total Monthly Income: Pension from annuity Rs 2,27,993 and monthly withdrawal from SWP Rs 1,00,000
(Rs 2,27,993 + Rs 1,00,000 = Rs 3,27,993)
