As in last post I have discussed about the
financial freedom. I have created a excel calculator which tells that if we
have saved our 30% of household income then it would be sufficient to replace
household income in 15 years. Shocked? But it true that it will be enough to
generate income same as our salary in just fifteen years.
For this calculation, I have consider continuous 8% growth
in income per year and 15% return on investment per year which quite possible
with equity exposure. And I have assume 8% safe return on investment after
retirement.
As you can see that I have taken 10000 as starting salary per month in second column. In fourth column there is compounded value of saving assuming we have invested the savings with a return of 15% per year. And in fifth column there is monthly income if we have kept our corpus as 8% per year to generate regular income. And in last column shows the balanced amount need to be generated for income.
You can download the file here.
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