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Disclaimer:
The values shown here are only for illustration.
The results are generated based on the information provided. It is not intended to be and must not alone be taken as the basis for an investment decision.
Your Returns Comparison
| Start Investing | Age 0 | Age 0 |
|---|---|---|
| Investment Amount | ₹ 1,000 | ₹ 0 |
| Investment Period | 35 Yrs | 35 Yrs |
| Total Investment | ₹ 0 Lakhs | ₹ 4.20 Lakhs |
| Returns at the age 60 | ||
| Returns | ₹ 0.00 Lakhs | ₹ 0.00 Lakhs |
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Francis Rodrigues
Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.
Written By:
Vishal Subharwal
Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.
Reviewed By:
How Does an Investment Calculator Work?
The functioning of an investment calculator is very simple and easy to follow. After entering the amount you are investing, the investment tenure and the rate of returns, this online tool will reflect the value of your investment. Typically, these calculators incorporate some variation of the compound interest formula to determine the future return on investment (ROI).
Compound interest calculation takes into consideration both the initial investment and the rate of interest earned on previous interest payments. The compound interest formula is represented as:
A = P(1+r/n) ^nt
Where, A = amount of money accumulated, including interest
P = Principal amount (initial investment)
R = Rates of interest
N = Number of times your interest is compounded yearly
T = The number of times money is invested for
The compound interest calculator provides you with an accurate estimate of your returns with other essential details to help you reach your desired financial goal.
The important variables involved in any investment calculator include:
- Initial Investment: The amount of money you had invested initially
- Investment Period: The period for which you plan to hold the investment, measured usually in years
- Regular Contributions: Any amount you plan to invest monthly, quarterly or annually
- Compounding Frequency: The frequency of application of compounding to your investment (e.g. Quarterly, annually, semi-annually, daily, monthly)
- Future Value: The amount of money worth of investment after a particular period, given the compounding frequency and the rate of return
- Expected Rate of Return: This is the annual percentage rate at which you expect your investment to grow based on past returns. This can take the form of a historical rate of return. For fixed-income assets, this value will be replaced by the predetermined interest rate.
How to Use an Investment Calculator?
Investment calculators are easy and simple to use. With proper use of this simple tool, you can track your savings or make plans to reach your chosen financial goal. Here is a detailed step-by-step guide on how to use any investment calculator for accurate calculation of your investment returns:
Step 1: Consider the type of calculator you need to use and enter the initial investment amount you want to invest monthly or annually.
Step 2: Find out the preferred rate of return. Some policyholders might target a return of 11% to 12%, while others might consider lower but fixed returns.
Step 3: Considering the tenure you wish to hold your money, select the investment tenure in years.
Step 4: If applicable, mention any current investment you have.
Thus, considering all the relevant information you enter in these fields, the investment calculator will calculate the future worth of your investment.
Compound Interest Calculation
Compound interest is an innovative way of earning interest on interest. In other words, the money you invest will generate returns from both the initial principal amount and accrued earnings from the previous compounding period. As your investment grows faster with each passing year, it is known as the power of compounding.
Thus, your wealth keeps on increasing as you invest, enabling you to achieve your desired financial goals and objectives. With a proper understanding of the impact of compound interest, you can earn high returns on your savings and investments and reach an informed decision making.
How Does Compound Interest Calculator Work?
The compound Interest calculator works following the below-mentioned formula:
A = P(1 + r/n)^(nt)
Where A = future value of investment
P = the principal amount
N = the number of times interest is compounded each year
R = the interest rate annually
T = the number of years
This formula, however, considers both the principal amount initially and the accumulated interest over time, depending on the compounding frequency.
Types of Investment Calculators
There are several kinds of investment calculators, each carrying their purpose and applications. These calculators are simple and easy-to-use tools. Let's explore the different types of investment calculators:
General Investment Return Calculator
The general investment return calculator is a handy financial instrument that allows you to find out the amount of money you can earn from a business. Simply put, this calculator reflects the potential earnings and costs and the percentage of profits you might get. Accordingly, you can analyse whether it's a smart investment.
SIP (Systematic Investment Plan) Calculator
Systematic Investment Plans, or SIPs, are a systematic method of investing in mutual funds to reach your long-term financial goals. The SIP calculator is an easy-to-use tool that allows investors to estimate the future value of mutual fund investments through SIPs.
Enter the SIP amount, interval (daily, weekly, monthly), tenure of investment and expected rate of return. Now, the calculator will provide you with the estimated amount at maturity. Thus, you can make an informed decision and evaluate the growth of your SIP investments over time.
Compound Interest Calculator
A compound interest calculator is an online tool that lets investors calculate how much wealth they can generate after investing a certain amount of money for some time with the compounding of returns.
With compound interest, an investor can earn passive income on the invested amount; this effect is named 'Power of Compounding'. Many banks and financial institutions offer compound interest on invested amounts.
Lump sum Investment Calculator
A lump sum investment calculator also known as One Time Investment Calculator is a handy online tool for calculating the future value of a single, one time investment over a period of time. After entering the invested amount, expected rate of return and the investment duration, you will get the future value of your investment.
This tool is ideal for investors planning for savings to reach future goals. However, a lump sum investment calculator sets a fixed rate of return, whereas actual returns can be influenced by market fluctuations.
Monthly Investment Calculator
With a monthly investment calculator, you can plan your regular savings by showing the amount of money you can grow over time with consistent investments. To find out the value of your investment, enter the investment tenure, expected rates of interest, and monthly investment amount. This financial tool serves the purpose of reaching desired financial goals such as education, repairing a house or post-retirement planning.
With regular savings, an investor can stay disciplined and benefit from the effect of compound interest. Overall, your saving strategies are simplified greatly, and you can meet your financial objectives.
How can an Investment Calculator help me?
The Online Investment Return Calculator helps users see how their investments can grow over time. It shows how much money needs to be invested now to reach specific goals in 10 or 20 years. The calculator breaks down expected returns, providing clear insights for 1, 5, and 10 years.
With the Investment Return Calculator, planning for future expenses and creating a savings plan is easy. Just a few clicks provide a clear view of the financial journey, empowering smart choices to achieve financial goals.
Let's explore examples of some commonly mentioned scenarios below:
- Education Fund: With proper estimation of your savings, make an investment plan to meet your child’s education fees.
- Retirement Planning: Invest regularly to yield high returns in post-retirement days. Thus, calculate how much you can invest monthly or daily to accumulate a retirement fund.
Thus, by providing the correct details, an investment calculator can help you plan and track your financial goals. Be it for education or retirement, this tool allows you to invest the right amount and fulfil your financial objectives.
Start Investing |
Age 30 |
Age 40 |
Investment Amount |
Rs. 10,000 |
Rs. 30,000 |
Investment Period |
15 Years |
5 Years |
Total Investment |
Rs. 18.00 Lakhs |
Rs. 19.00 Lakhs |
Returns at the Age of 45 |
||
Returns |
Rs. 50.46 Lakhs |
Rs. 24.75 Lakhs |
Benefits of Using Investment Calculators
Check below the different benefits of using an investment calculator to strategize your investments:
Time-Saving
Manual investment calculations are prone to errors and also consume your valuable time. However, with the use of an investment calculator, the entire process becomes smooth and easy and allows you to focus on other aspects of your financial planning.
Whether you are planning for lump sum investment, monthly or systematic, compare rates from different financial institutions before investing in any plan or scheme.
Up to Date Options of Investment
By actively checking the latest returns and using an investment calculator, you can always stay up to date with your investments. For example, an SIP calculator can be used to check the real-time fund values and analyse the present value of mutual funds. The more you calculate returns, the more aware you are of performances.
Efficient Utilisation of the Power of Compounding
With the proper use of a compound interest calculator, you can experience the benefits of long term investments. By checking the value of compound interest against simple interest, you will understand how your money grows over time. The calculator lets you pick investments with a record of consistent growth. It also gives you a good understanding of how long you need to stay invested to achieve your goals.
Easy and Quick Calculation
This is another major reason why people prefer using an investment calculator. The online tool is easy to use and gives you results quickly. An investor can fill out the necessary details to find out their required SIP using the SIP calculator. The online tool is instantaneous and does not require you to wait for a long period.
Online and Free of Cost
Investment calculators are easily available online and free to use. Most importantly, these calculators are accessible from multiple websites, allowing you to do a variety of calculations whenever you need them.
Financial Planning
Using an investment calculator allows you to plan your finances effectively. You should start investing to realise your financial goals and objectives, which might include saving for purchasing your dream home, saving for retirement, meeting your child's educational expenses and others. The ability to get your returns forecasted accurately helps you select the right investment strategy for your goals.
Invest with Lower Amounts
The use of an investment planning calculator can help you find the right amount you need to invest to fulfil your financial goals. For example, if you are running out of funds, you can use an investment calculator to know how much you can reduce your current contributions without failing your long-term goals. Similarly, if you have surplus funds, you can figure out how much you should invest to achieve your goals faster.
Advanced Features and Considerations
Basic investment calculators offer you straightforward calculations. But there are also calculators whose features are more complex and enhance your financial planning:
Assessing Risk
Some advanced investment calculators assist you with assessing the risk level of investment options. Thus, considering your risk tolerance, you can learn to choose between effective strategies.
...Read More
Adjustment of Inflation
Inflation lowers the purchasing power of your future savings. Here comes the importance of an inflation investment calculator. This online tool adjusts your returns and provides a clearer picture of how much your investment will be worth in real terms over a certain period.
...Read More
Conversion of Currency
If you are investing internationally, the feature of currency conversion is of utmost importance. It assists you with estimating the returns of the money you have invested. Thus, you can analyse those returns in different currencies.
...Read More
Implications of Taxes
Some investment calculators have advanced features of tax accountability. This feature thereby helps policyholders estimate how taxes on returns create an impact on the final invested amount, thereby providing a clearer picture of their earnings.
...Read More
Investment Plans Based on Financial Goals
Investment plans should be structured according to your financial goals, irrespective of whether they are short-term or long-term. If you go for short-term investment, it will focus mostly on easy and quick returns, while long-term investments focus on building wealth over time.
For proper retirement planning, you should use an investment calculator to estimate how much to save regularly. Make necessary adjustments in providing details such as the investment amount, expected returns, and time horizon to reach your desired goals. Proper use of these calculators allows you to create a clear plan to reach the desired financial goals and objectives.
Investment plans as per your financial goals
You can explore the below options in details as per your desired financial goals –
Popular Investment Options in India
Investing in the right instrument helps your money grow and fulfil your life goals. There are several investment options available in India, and thus, choosing the right one is crucial. Investments can be broadly divided into two specific categories, depending on your financial goal and time horizon – long-term investment and short-term investment.
Let’s explore some popular types of investment in India:
Stocks
Stocks mean the share of ownership in a company. If you are a long-term investor aiming to earn high returns, you can invest in stocks. However, since stocks are market-linked instruments, there is a high risk of loss of capital.
A stock returns calculator thereby helps estimate future value by considering the share price, dividends, and performance of shares.
Bonds
Bonds are debt-based instruments that provide fixed income. With the purchase of bonds, you lend money to the issuer, and you keep on receiving interest at a predetermined rate. Once a bond matures, the amount invested is then returned to you. Opt to invest in bonds directly or through debt mutual funds.
Fixed Deposits
If you are a risk-averse individual with expectations of decent returns on your deposited money, the fixed deposit option is for you. This investment instrument provides guaranteed returns. Even investors with high-risk appetites can choose a fixed deposit to stabilise their portfolios.
Fixed Deposit calculators help estimate amounts upon maturity by considering the amount deposited, tenure, and rates of interest.
Certificate of Deposit
Among the different types of investment in India, the certificate of deposit is a well-known money market instrument. It is issued against the funds an investor deposits. The Reserve Bank of India is the main regulatory body for certificates of deposit.
Mutual Funds
Mutual funds are an important investment instrument managed by fund managers. Here, the invested amount of investors are invested in a variety of assets, including stocks, bonds, government securities, money market instruments, gold, real estate, etc., to yield attractive returns. Even with depositing a small amount initially, an investor can yield attractive returns.
The SIP calculator and lump sum calculator can be used to calculate the future value of mutual fund investments.
Public Provident Fund
Public Provident Fund (PPF) is one of the trusted long-term retirement schemes in India. Here, the interest earned, the invested amount and the amount on maturity are all exempted from taxes. With a lock-in period of 15 years, you can withdraw funds from the Public Provident Fund partially at regular intervals.
Unit Linked Insurance Plans (ULIPs)
Unit Linked Insurance Plans (ULIPs) are an ideal investment plan if you are a long-term policyholder and are willing to experience the dual benefits of investment and life insurance. With ULIP, you can avail a comprehensive life coverage protection for your family members during any unfortunate incident. Moreover, ULIP calculators enable you to make a thorough comparison of potential returns and insurance coverage.
ULIP investment allows for a tax deduction of ₹1.5 Lakh under Section 80C* of the Income Tax Act, 1961. The returns from investment are also exempt from taxes, subject to certain limits.
Real Estate
The real estate sector is rapidly growing in India. Purchasing a flat or plot is the best financial instrument among several other investment options in India. The prices of property rise every six months, and thus, there is much less risk associated. You can also invest in the real estate sector without owning a property via REIT (real estate investment trusts).
National Pension System (NPS)
The National Pension System is another useful investment option that provides pension. It usually invests funds in bonds, stocks, government securities, and other types of securities. However, this scheme doesn't mature unless the investor reaches the age of 60.
What is a Savings Calculator?
A savings calculator is a great tool that can help you understand how your savings could grow over time making it easier to plan for different financial goals based on your needs. The calculation depends on the investment duration, investment period, intervals and the rate of returns to figure out your savings returns.
You can use a savings calculator to determine the time and investments required to reach your financial goals such as saving for a vacation, post-retirement days or any other goal that you have.
How Does Savings Calculator Work?
So, here is how a Savings Calculator work. We will try and understand this with an example. Let’s assume you need an amount of Rs. 15 Lakh in fifteen years from now. We will assume an annual return rate of 8% and let’s assume you have not saved any money towards this particular financial goal till now.
We can use the PMT function in the savings calculator where the rate of return would be 7% i.e 7/100. Now, we need to convert it to monthly rate so the rate = 7/100/12
We will also convert the investment period of 10 years into months which would be 15*12 = 180 months.
Since you have not saved anything till now for this particular goal, the present value will be 0 and the Future value would be Rs. 15,00,000.
The savings calculator calculates the monthly investment necessary to achieve the financial objective, which will be Rs 4,500.
Systematic Investment Plan (SIP) Investments in Detail
Systematic Investment Plan (SIP) is an innovative method of investing money in mutual funds. In this approach, a fixed amount is invested regularly. Instead of investing a lumpsum amount, this kind of investing helps investors grow their wealth with small but regular contributions.
How Does SIP Work?
With an SIP calculator, you can determine the regular invested amount with ease. This amount is then further deducted from your respective bank account to purchase fund units. Over time, these kinds of investments grow with the power of compounding. The two main principles following which SIP works are the power of compounding and rupee cost averaging.
How to Use a Systematic Investment Plan Calculator?
A SIP calculator is easy and simple to use. Here is a detailed step-by-step guide on how you can use the SIP calculator:
Step 1: Navigate to the SIP calculator of your preferred website.
Step 2: Provide the investment tenure in years, the desired SIP amount, SIP interval (monthly, yearly, etc.) and expected rate of returns. Here, the current value for returns can be used as the expected rate.
Step 3: As and when these details are entered into the SIP calculator, it displays the total maturity value, invested amount and the total guaranteed returns
Using the Calculator for SIP & Lumpsum Investments
SIP investment calls for regular investment, thereby minimising market risks for investors. Meanwhile, a lumpsum investment requires a one-time investment, which benefits investors from market fluctuations. Using investment calculators for both these approaches highlights the importance of SIP and how it offers steady growth over the years, even during market fluctuations.
Investment Calculators in Comprehensive Financial Planning
Investment calculators play a valuable role in detailing a financial plan. They allow you to determine future returns by considering factors such as monthly or periodic investment, interest rates and more. Thus, you get an idea of how much your savings can grow and how much time it will take approximately to reach your desired financial goals.
When you are planning your goals, like buying a house, meeting expenses for your child, retirement, etc., an investment calculator simplifies complex financial calculations. Entering data on the tenure of investment, amount invested, and expected returns will provide you with an accurate estimate of the final value. This provides a clear picture of whether you are on the right track of meeting your financial goals.
Investment calculators are useful but have certain limitations as the market fluctuates with changes in rates of interest. For accurate financial planning, make sure to consult with a financial advisor. In short, investment calculators let you make informed decisions by looking at the long-term perspective.
FAQ's on Investment Calculator
1 How can I calculate investment?
You can use a simple interest or compound interest formula to calculate the return on your investment. The return depends on your investment amount, frequency, tenure, and interest rate. Additionally, you can use an online investment return calculator to understand the future value of your investment.
2 When should I use an Investment Calculator?
You should use the investment calculator whenever forecasting returns on investment over a certain period. This calculator is helpful when comparing different investment options and making informed decisions.
3 What will be the return on an SIP investment of Rs. 10,000 for 20 years?
For example if you individual who invests Rs. 10,000 every month for 20 years with an estimated rate of return of 12% will earn Rs. 1.01 crore on maturity.
4 How can I get Rs. 1 crore by investing Rs. 5,000 monthly?
For example if you invest Rs. 5,000 each month and hope to grow your money to Rs. 1 crore on maturity you can stay invested in a fund that offers at least 17% returns for 20 years. Or, if you have more time, you can invest in a policy or fund offering returns at 12% for at least 26 years.
5 What could happen if I invest money without using an investment calculator?
If you invest money without using an investment calculator, it will lead to uninformed decisions. Moreover, it might lead to disappointment with maximisation of returns on investment.
6 How can I use an investment calculator to plan for retirement?
To plan for retirement using an investment calculator, make sure to enter your current savings, age of retirement, and expected rate of return to analyse the growth of your investment over the period. This will also help you determine if strategies for savings align with your set financial goals.
7 What information do I need to use an investment calculator effectively?
To use an investment calculator effectively, financial information on the expected rate of return, initial investment, and expected annual contributions is required. Maintaining accuracy of this information will help you reach an informed investment decision.
8 Are there specific investment calculators for mutual funds and stocks in India?
Yes, there are specific investment calculators for mutual funds and stocks in India that consider expense ratios, historical performances, and implications of tax for easy calculation. A prominent example is the SIP calculator.
9 Should I invest or save money for the future?
Yes, you should save or invest money for the future to build financial security and achieve your goals. Saving ensures you have funds for emergencies, while investing can help grow your wealth over time.
10 What is a ULIP Calculator?
A ULIP Calculator is an online tool that helps you estimate the potential returns from a Unit Linked Insurance Plan based on your premium, investment tenure, and expected rate of return.
11 What is a Savings Calculator?
A Savings Calculator is a tool that helps you project the future value of your savings by inputting factors like initial deposit, regular contributions, interest rate, and time period.
12 Are returns guaranteed under ULIPs?
No, returns under ULIPs are not guaranteed as they are linked to market performance. The value of your investment may fluctuate based on the performance of the underlying funds.
13 Is it possible to withdraw ULIP?
Yes, you can make partial withdrawals from your ULIP after the mandatory lock-in period, usually five years. Withdrawal terms and conditions may vary by policy.
14 What is the formula for SIP?
The formula to calculate the future value of a SIP investment is:
FV = P × [ (1 + r)^n – 1 ] / r × (1 + r)
FV: Future Value
P: SIP installment amount
r: Periodic rate of return
n: Number of installments
15 How to start SIP?
To start a Systematic Investment Plan (SIP), select an investment product that offers SIP options, decide on your investment amount and frequency, complete any required documentation and KYC formalities, and set up automatic payments from your bank account.
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18. Save 46,800 on taxes if the insurance premium amount is Rs.1.5 lakh per annum and you are a Regular Individual, Fall under 30% income tax slab having taxable income less than Rs. 50 lakh and Opt for Old tax regime.
For more details on risk factors, associated terms and conditions and exclusions please read the sales brochure carefully before concluding a sale.
*Tax benefits & exemptions are subject to conditions of the Income Tax Act, 1961 and its provisions. Tax Laws are subject to change from time to time. Customer is requested to seek tax advice from his Chartered Accountant or personal tax advisor with respect to his personal tax liabilities under the Income-tax law.
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