How much do you need to save monthly to earn 50k annually at retirement?

Hi anon,

This really depends on the expected yield you get from your savings (assuming you don't just leave them as cash or FD)

If it's 1%, you're going to need to save $5M

If it's 5%, you just need to save $1M

Thus, depending on the capital needed, you can work backwards with a financial calculator to see how much you need to save, given a certain timeframe.

You need to calculate the amount you need to generste 50k 1st :

I= invest amount
R= interest p.a.

I = 50000/R

Then use compound intrest calculator then u know how much you need to save

http://www.moneychimp.com/calculator/compound_i...