Personal Investment

Retirement Planning

SAVE FOR RETIREMENT

Are you want wealthy retirement? Do you want to enjoy Financial Independence in your sunset years? Careful investment in earning days helps to achieve these goals.

1 Year Return

9.06%

1 Month Return

-0.58%

Most of the people at their young age think about their wealthy retirement but only few make proper planning and investment.

Here is some bitter fact that more than 60% Indian over 60 are still working (Census data of 2011).

Its shame that when they should enjoy their retirement but they have to work for their livelihood.

How to plan for Your Wealthy retirement?

Retirement Planning is an important financial goal which every working individual should start early in his career.

For last several decades experts’ are saying that your retirement planning starts with start of your earnings. But rarely people follow it.

As early an individual starts investing for his retirement, the more years he gets to save and he also get more money at the time of retirement.

How much money need to save for retirement?

The most important but at the same time it is most complicated question.

In books there are so many thumb rules, 80% rule, and many more but here I am going to tell on the basis of calculation and inflation data.

save for retirement

So, on the basis of calculation

After 30 years we need Rs 1, 30,000 for leaving the same lifestyle that we are currently living in Rs 30,000

And, after 30 years we need Rs 2, 16,000 for leaving the same lifestyle that we are currently living in Rs 50,000.

Now the question arises that how much total amount we need to save at the time of retirement.

Here is the answer of that question

save for retirement

Expenditure after 30 years

On the basis of Calculation

For INR 30,000 life style we must have at least INR 3 crores approximately

For INR 50,000 life style we must have at least INR 5 crores approximately 

How much we need to invest to get the desired amount of money?

To get 3 crores at the time of retirement (At the age of 60) 

save for retirement

save for retirement

From the above chart you can clearly see that go get a handsome amount 3 crores at the time of retirement you have to invest just 4000/month for next 30 years.

Here rate of interest on your money is 15%.

Here you only have to invest total amount in 30 years = Rs 14, 68,001 (5% approx)

And reaming amount you will get as a interest = Rs 2, 87, 70,215 (95% approx)

Here you can see the power of compounding  

To get 5 crores at the time of retirement (At the age of 60) 

save for retirement

save for retirement

Pictorial representation to save for retirement

From the above chart you can clearly see that go get a handsome amount 5 crores at the time of retirement you have to invest just 7000/month for next 30 years.

Here rate of interest on your money is 15%.

Here you only have to invest total amount in 30 years = Rs 25, 41,001 (5% approx)

And reaming amount you will get as a interest = Rs 4, 77, 83,483 (95% approx)

Here you can see the power of compounding

Equity2Commodity will guide you step by step how to save fund for retirement. This step-by-step guidance gives you complete idea where to invest for wealthy retirement and how much to invest?

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