Can I use the investment calculator to plan for my retirement savings?

Yes, an investment calculator can be useful when planning for retirement savings. To get estimates:

• Input the starting amount you currently have in your retirement fund.
• Enter the years until your planned retirement age (the tenure).
• Use a realistic expected annual rate of return based on your retirement fund's asset mix.
• Factor any additional periodic contributions you plan to make towards retirement savings.

The calculator will project the future total value by the retirement tenure you entered.

You can model different scenarios by changing the inputs, such as higher or lower returns, more or less contributions, etc.

This helps assess if your current retirement savings and ongoing contributions are likely sufficient to reach your retirement corpus target.

While the results are estimates, the calculations indicate whether you're on track to reach your retirement goals or need to make adjustments.