Do not miss the bus.
Retirement planning should begin as soon as you start earning. Strange but true.
The real power of compounding works so much better when you start so much early.
And in the equity markets, the law of averaging over a long periods like 15-20 yrs...
Retirement planning should begin as soon as you start earning. Strange but true.
The real power of compounding works so much better when you start so much early.
And in the equity markets, the law of averaging over a long periods like 15-20 yrs...
works wonderfully well.
So if you start investing in a mutual fund SIP at the age of 25 with only Rs.5000pm, your corpus will be a staggering Rs.3.21Cr at the age of 60. ( Assumed 12% annualized return).
If you start at 30, that will be 1.75cr
At 35 = 94 lacs
At 40 = 49 lacs..
So if you start investing in a mutual fund SIP at the age of 25 with only Rs.5000pm, your corpus will be a staggering Rs.3.21Cr at the age of 60. ( Assumed 12% annualized return).
If you start at 30, that will be 1.75cr
At 35 = 94 lacs
At 40 = 49 lacs..
At 45 = 25 lacs
At 50 = 11 lacs
At 55 = 4 lacs.
Shocking difference in the size of final corpus with seemingly small difference in the age when you start saving.
So pay yourself first. Select either a good actively managed equity fund or simpler an Index fund ...
At 50 = 11 lacs
At 55 = 4 lacs.
Shocking difference in the size of final corpus with seemingly small difference in the age when you start saving.
So pay yourself first. Select either a good actively managed equity fund or simpler an Index fund ...
and start the auto debit SIP.
Plus regularly contribute to either PPF/ELSS and NPS. The latter being a pension plan will pay you very well after you turn 60.
Forego some wants, instead invest small amounts regularly to build your net-worth...
Plus regularly contribute to either PPF/ELSS and NPS. The latter being a pension plan will pay you very well after you turn 60.
Forego some wants, instead invest small amounts regularly to build your net-worth...
During this journey of Retirement nest building, you will pass the usual milestones of having kids, their education, both school & college, marriage which can be taken care of.
Enjoy both the journey and the destination.
Enjoy both the journey and the destination.
Will you still wait to turn 40 before you start saving regularly?
This is specially for my very young friends who have just started earning.
Thanks for your time to read this.
Happy investing.
P.S: Day trading is gambling. Sure way to become a millionaire, from a billionaire.
This is specially for my very young friends who have just started earning.
Thanks for your time to read this.
Happy investing.
P.S: Day trading is gambling. Sure way to become a millionaire, from a billionaire.
I will be glad even if this thread inspires even a single person to do this.
Sadly no retirement loan is available. You will be what you have saved. One exception is reverse mortgage which most Indians will not like.
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