Tools
Know how much will be your future cost of living per month
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Monthly inflationary expenses (groceries, travel, clothes etc.)
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Monthly non-inflationary expenses (loan repayments, LIC premiums etc.) (Rs.)
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Years in which to calculate cost of living
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Expected Changes in Expenses
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Increase in monthly inflationary expenses(Rs.)
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Decrease in monthly inflationary expenses (Rs.)
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Increase in monthly non-inflationary expenses (Rs.)
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Decrease in monthly non-inflationary expenses (Rs.)
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Expected annual inflation
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Result
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You start by estimating how much you need for a comfortable retired life in current
rupee terms.This figure is bound to increase as you take inflation into account.
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