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SWP (Systematic Withdrawal Plan) Calculator
An SWP calculator is used to calculate the amount that you will earn from your investment in an SWP or Systematic Withdrawal Plan. The SWP calculator is thus a useful tool that will help you to easily choose the right SWP scheme for yourself, based on the returns that you will get from the scheme.
SWP – Your Regular Cash Out Plan
SWP, short for Systematic Withdrawal Plan, is like a steady paycheck from your savings. Say you’ve put a big sum into a mutual fund; SWP is how you set up a plan to get regular payouts from that investment, and you choose how much and how often.
For instance, imagine you’ve consumed ₹1 lakh in a mutual fund for a year. If you decide to take out ₹10,000 each month, that’s your SWP doing its thing. Your investment gets smaller by the withdrawal amount, but the rest keeps working for you, potentially earning more money.
Need to Figure Out Your Withdrawals? Use an SWP Calculator!
An SWP calculator is your buddy for sorting out the math. You’ve got this chunk of money you’ve invested, and you want to draw a certain amount each month. The calculator takes care of the tricky part – figuring out how much you can take out regularly without running out of funds too soon, all while your investment keeps growing with interest.
For Example:
Let’s say you start with ₹1,50,000 and plan to withdraw ₹1,000 every month for a year, and your investment earns interest at 10%. By the end of the year, you’ve not only got your monthly withdrawals, but you’ve also earned a bit more – something like ₹2,459 in this case.
How to Use the SWP Calculator?
These calculators are pretty user-friendly:
– You’ve got fields for how long you’re investing (tenure), how much you expect to earn (expected return), and how much you put in (amount invested).
– Fill those in, hit calculate, and you get a chart that shows you what you’ll withdraw and what you’ll earn, just like the example.
Why an SWP Calculator is Great for Retirees and Seniors
For investors who need a regular income after they’ve stopped working, an SWP can be a great help. It gives you monthly cash that can top up or even replace a pension. And with Sure Finserv’s easy-to-use SWP calculator, you can see exactly how it’ll work out.
- It spells out the monthly cash you can get, along with the growth of your investment.
- You can set up the withdrawal amount yourself, easy as setting an alarm clock.
- It’s online, so you can use it anytime, no need to wait for the bank to open.
- No finance whiz needed – just fill in the blanks and you’re all set.
That’s the gist of it. Use Sure Finserv’s SWP calculator to plan your cash flow without any hassle or fancy financial know-how.