Question 1

How much money do I need to retire?

Accepted Answer

Estimate your future monthly expenses (adjusted for inflation), multiply by the years you expect to spend in retirement, and discount by your post-retirement return. The retirement calculator does this for you and shows the monthly SIP needed to reach that corpus.

Question 2

How is EPF interest calculated?

Accepted Answer

EPF interest is calculated on the running monthly balance at the government-declared rate (8.25% for FY24) and credited yearly. Both your 12% contribution and the employer's 3.67% EPF share compound over time.

Question 3

What return does a mutual fund SIP give?

Accepted Answer

Equity mutual fund SIPs have historically returned about 10–14% per year over long periods, though returns vary with the market. Use the mutual fund calculator to project SIP, step-up SIP or lumpsum growth at your chosen rate.

Question 4

Are these calculators free to use?

Accepted Answer

Yes. All AutomiqLabs calculators are completely free, need no login, and run instantly in your browser.