The best time to plan for your retirement was yesterday. The other good timeis today.
A Day Late and A Dollar Short
This phrase stands true in case of retirement planning. The early you start to plan towards building your retirement corpus, the power of compounding works better in your favour.
Einstein described compounding as the 8th wonder of the world. He said, “He who understands it, earns it... he who doesn't... pays it.”
Here is a brief calculation to explain the power of early investment:
|Age||25 years||35 years||45 years|
|Monthly invested Amount (Rs.)||25,000|
|Age of Retirement||60 years|
|Rate of Return||10%|
|Invested Amount (Rs.)||Rs. 1.05 crore||Rs. 75 lakh||Rs. 45 lakh|
|Future Amount (Rs.)||Rs. 9.36 crore||Rs. 3.29 crore||Rs. 1.03 crore|
An investment of Rs. 25,000 at the age of 25 years is expected to grow to Rs. 9.36 crore by the time you turn 60 years. You can use our retirement calculator to calculate how much you need to save.
You can contact us by sharing your details to helpplan your early retirement.
One of the most significant transitions of our lifetime is retirement. The shift frompre-retirement phase where you had a steady income toretirement phase where you need to draw from your retirement corpus is a feeling of anxiety.
We can help you with important aspects of retirement planning:
- Plan for regular payouts – monthly/quarterly/yearly
- Suggest investment avenues which can help beat inflation in long term
Our primary goal while investing funds for clients with retirement corpus is preservation of capital. Preservation of capital for us is more important than investing in products promising higher returns without a good credit track record.
You can contact us by sharing your contact details to help plan your retirement corpus.