Retirement Life Investment Plan: People now getting more concious about about investment and life after retirement. There are many schemes that allows to invest to secure retirement life. It is quite difficult to know how much money will enough for a financial secure retirement life. So people try to make a strong as possible bank account. We’ll take about a way for investment, in which you can have a hefty amount for old age.
7 thousand rupees in SIP every month
If you start investing 7 thousand rupees in SIP every month today, then in the next 30 years you will invest 25.2 lakh rupees. If your portfolio grows at the rate of 8 percent every year, then in 30 years your fund will be 1 crore. If your portfolio grows at a rate of 10 percent, then with an investment of just Rs 4800 a month, you can make one crore in 30 years.
If you expect 8 percent growth, then at the age of 35, if you start investing Rs 10930 a month, then by the age of retirement you can make a wealth of 1 crore, while according to the growth rate of 10 percent, you can make 1 crore by depositing only Rs 8040 a month.
Retirement fund of Rs. 5 Cr.
If you want to build a retirement fund of 5 crores and you are 30 years old, then you can achieve your goal in 30 years by investing Rs 24 thousand a month in SIP. On getting 10 percent return, this goal will be completed in 30 years. But if you are looking more invested in 24 thousand rupees, then you can invest 14,430 rupees a month and build a fund of 3 crores in 30 years, it will also be deposited on getting an annual return of 10 percent.
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