Inflation Calculator:
Are you planning to save for your Child’s education but don’t know what will be education fees after say 10 years in case it cost you today 100,000 and inflation rate is 5%. This easy to use calculator will provide you all future value after considering inflation. You have to give three value; Current cost , inflation rates and numbers of years. You will get future value after adjusting inflation i.e. 162,889.46 . Result will be shown in $ however you can ignore symbol, you can consider it for INR .
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Retirement Calculator:
Same way you can plan for your retirement . May be today your monthly expenses is Rs. 50,000 per month and you expect that same amount during retirement , you may be interested to know what will be monthly expenses after 20 years i.e when you turn 60 years. Simply input 50,000 as current cost, Inflation as 5% and years as 20. Answer will 132,664.89 . Normally during retirement monthly expenses will be less as you have completed your most obligation like house loan and children’s education.
Use of Calculator
This inflation calculator is very helpful for your Finance Planning. You can plan your investment today to get desired corpus for your Financial Goal. It can be marriage, education , car, house or retirement planning.
Do check our post on Financial Planning . What is Financial Planning ?
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Very useful information