When can I retire financially free?

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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PETALING JAYA, MALAYSIA

TRAINING CENTER

100-6-011, 129 Offices (Block J), Jaya One, 72A Jalan Prof Diraja Ungku Aziz, 46200 Petaling Jaya, Selangor, Malaysia.

ADMINISTRATIVE CENTER

100-6-039, 129 Offices (Block J), Jaya One, 72A Jalan Prof Diraja Ungku Aziz, 46200 Petaling Jaya, Selangor, Malaysia.

PENANG, MALAYSIA

ADMINISTRATIVE CENTER

1-2-13A, Elit Avenue, Jalan Mayang Pasir 3, Bayan Baru,
11900 Bayan Lepas, Penang, Malaysia.

Summary

This page provides a retirement calculator to help users determine how much money they need to accumulate to retire financially free. It explains the calculation method, which uses 80% of current annual expenditure adjusted for inflation over the years to retirement. The page also references external resources for inflation rates and life expectancy statistics.

Key Facts

The retirement calculator helps determine how much money you need to accumulate before you can retire and be financially independent.

The formula to calculate annual expenditure after retirement is: (Current Annual Expenditure x 80%) x (1 + Inflation Rate in %)ˆYears to Retirement.

Most financial advisors agree that after retirement, annual expenditure will generally be 20% lower, so the calculation uses 80% of current annual expenditure.

Inflation rate data for various countries can be found at http://www.tradingeconomics.com/country-list/inflation-rate.

Life expectancy statistics for various countries can be found at http://en.wikipedia.org/wiki/List_of_countries_by_life_expectancy.

Frequently Asked Questions

How is the retirement calculation done?

The formula to calculate your Annual Expenditure after retirement is: (Your Current Annual Expenditure x 80%) x (1 + Inflation Rate in %)ˆYears to Retirement.

Why is 80% of current annual expenditure used?

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.

Where can I find inflation rate data for various countries?

For inflation rate in various countries, refer to http://www.tradingeconomics.com/country-list/inflation-rate.

Where can I find life expectancy statistics for various countries?

For life expectancy statistics in various countries, refer to http://en.wikipedia.org/wiki/List_of_countries_by_life_expectancy.