SWP Calculator
Invested Amount: 0
Total Withdrawal: 0
Total Profit: 0
Balance Amount: 0
Retirees and senior citizens are among the most common investors in this scheme. Such individuals obviously require a fixed monthly financial input. An SWP can provide the same over and above the pension or even as an alternativ. They can easily use Groww’s simple and intuitive systematic withdrawal plan calculator for numerous benefits.SWP Calculator
SWP stands for systematic withdrawal plan. Under SWP, if you invest lump sum in a mutual fund, you can set an amount you’ll withdraw regularly and the frequency at which you’ll withdraw.
What is an SWP Calculator?
An SWP calculator is a financial tool that helps you estimate the feasibility and sustainability of your withdrawal plan. It considers various factors like:
- Initial investment amount: The total sum you invest in the mutual fund scheme.
- Desired withdrawal amount: The fixed amount you wish to withdraw periodically (monthly, quarterly, or annually).
- Investment tenure: The duration for which you plan to continue the SWP.
- Expected rate of return: The annualized return you anticipate from your investment.
Benefits of Using an SWP Calculator:
- Plan your retirement income: The calculator helps you determine a sustainable withdrawal amount that ensures your corpus lasts throughout your retirement.
- Manage your finances effectively: By estimating the remaining corpus after each withdrawal, you can make informed financial decisions.
- Peace of mind: Knowing your retirement income is secure provides peace of mind and allows you to plan your future with confidence.
How to Use an SWP Calculator:
Most online SWP calculators are user-friendly and require minimal information. Simply input the following details:
- Initial investment
- Desired withdrawal amount
- Investment tenure
- Expected rate of return