Aging Parents' Investment Plan Calculator

Calculate the time and investment required to secure your parents future

Current Age of Your Parent?
What is your parent’s present age?
40 years100 years
Planned Support Age
When do you wish to start supporting your parents?
50 years100 years
Monthly Expenditure
Monthly expense to maintain your current lifestyle
20K5 Lac
Expected Inflation
Your expectation on inflation
0 %20 %
Expected Returns On Investment
Your expectation of returns on this planned investment
5 %20 %
Expected Returns on Ageing Parents Support Corpus
Your expectation of returns on the this corpus
0 %20 %
Life Expectancy
Years your parents will live
70 years100 years
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Aging Parents Corpus

0

Required amount (inflation adjusted)

New Investment Required

(By frequency)

Monthly₹-
Yearly₹-
One Time₹-
Monthly Expense after retirement₹-

What is the Aging Parents' Investment Plan?

An aging parents' investment plan is a thoughtful strategy to help manage and grow the financial resources of elderly parents as they enter retirement and prepare for any healthcare needs. It’s about ensuring they have financial security and peace of mind as they age.

Why Should You Have a Plan for Aging Parents?

Older parents especially require a plan to ensure their financial security and well-being as they age. It starts important conversations about their demands, enables one to manage unexpected costs, and lets one change investments to be more conservative. Teaching following generations about financial responsibility not only guarantees their legacy is passed on without issues but also helps against financial threats.

How do You Financially Plan for Aging Parents?

Planning financially for aging parents involves several key steps to ensure their well-being:

1. Start Conversations Early: Talk about finances before issues arise to understand their needs and build trust.

2. Assess Finances: Review their income sources and expenses to get a clear picture of their financial situation.

3. Organize Documents: Keep important papers, like wills and insurance, up-to-date and easily accessible.

4. Simplify Finances: Consolidate accounts and set up automatic payments to make managing finances easier.

5. Plan for Future Needs: Discuss care options and potential health issues to anticipate future costs.

6. Get Professional Help: Consult with advisors or specialists to create a plan tailored to their needs

What are the Benefits of Using Equirus Wealth’s Ageing Parents Calculator?

The Aging Parents Calculator allows you to forecast your parents' financial load for living expenses, healthcare, and retirement demands. It reduces stress via a well-defined strategy, helps them to precisely select how much to save every month, and initiates important conversations on their needs. It also helps you to design long-term care plans and handle general finances correctly.

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