How much money do you need to accumulate before you can retire and be financially independent?  Find out using this simple calculator.

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How the calculation is done:

1. The formula to calculate your Annual Expenditure after retirement is: (Your Current Annual Expenditure x 80%) x (1 + Inflation Rate in %)ˆYears to Retirement.
2. Most financial advisors agree that after you retire your annual expenditure will generally be 20% lower. Hence the amount needed after retirement is calculated based on 80% of your current annual expenditure.
3. For inflation rate in various countries – refer http://www.tradingeconomics.com/country-list/inflation-rate
4. For life expectancy statistics in various countries: refer http://en.wikipedia.org/wiki/List_of_countries_by_life_expectancy

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