In How Much years you can be a corepati . This calculator is helpful in calculating period taken to save a fixed target maturity value for a Fixed monthly saving at a Fixed interest rate .So to operate you have to Fix three things.
- What is your target -Maturity value of your saving /Goal which you want to achieve.
- Expected rate of return during the period.
- Monthly saving You can afford.
- Tax rate applicable on your income on savings
After fixing the above four thing ,calculator will show you the Number of years to be taken to complete your goal.Further It is slider base calculator and very easy to operate.For Example You want to know how much period it will take to have 1 crore Rs ,if monthly saving rate is 5000/- and interest rate is 8%(after tax) ,the result shown will be 33 years and 4 month