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Retirement Fund: How to get Rs 10 crore at the age of 60? know the way

How to Create Retirement Fund: Retirement planning is very important for everyone. The sooner you start investing, the bigger your retirement corpus will be.

New Delhi: Right now you earn. Every month the company transfers salary to your account. But what will you do when you are 60? How will the daily expenses be met? And the responsibilities are not fulfilled by retiring. Where will the money come from if there are big expenses? Most of the salaried people have this concern.

Often between the ages of 30 and 40, people get the first idea about it. This is an age in which people are neither too young to be carefree nor too old to pursue their money goals. In this age, everyone’s goal is to have at least 1 crore rupees so that he can get away from the worries of the future.

If you earn a decent salary and are in the age group of 30 to 40, you can accumulate a corpus of Rs 10 crore by the time you reach the age of 60. The sooner you start saving money, the bigger the fund you can build up. If you are 30 years old then you have 30 years left to invest. If you are 40 years old, you have 20 more years left to invest.

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The return on your investment will depend on your asset allocation. There will also be ups and downs in your portfolio returns. If you have done more allocation in debt then the returns will be less. On the other hand, if you have made a higher allocation to equity through the right categories of equity funds, then the returns will be higher.

Depending on your age and your investment style (Conservative, Balanced and Aggressive), you will need to invest Rs 30,000 to Rs 1.7 Lakh per month for a goal of Rs 10 Crore.

Investing for a fund of 10 crores from the age of 30

If you do not take much risk and invest more in debt, then your average return will be around 8%. Accordingly, you will have to invest 68-69 thousand rupees per month. If you are a balanced investor who invests equally in equity and debt, your average return will be around 10%. In this case, you will need to invest 46-47 thousand rupees per month.

If you are an aggressive investor who predominantly invests in equity, your average return would be closer to 12 per cent. In such a situation, you will need to invest 30-31 thousand rupees per month.

How much should be invested at the age of 35?

If you are a conservative investor then you will need to invest Rs 1 to 1.1 lakh. If you are a balanced investor, you will have to invest Rs 77-78 thousand per month. On the other hand, if you are an aggressive investor, then you will have to invest 55-56 thousand rupees a month.

How much to invest at the age of 40

If you are a conservative investor, you will need to invest Rs 1.6 to 1.7 lakh. If you are a balanced investor then you will have to invest Rs 1.3-1.4 lakh per month. On the other hand, if you are an aggressive investor, then you will have to invest Rs 1-1.1 lakh per month.

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