Sun, Dec 22, 2024
Starting early can help people build their target corpus faster, making it easier to reach their financial goals sooner. Planning for retirement is an important part of this. For example, if someone invests Rs 15,000 every month in a Systematic Investment Plan (SIP), they could aim to reach a retirement fund of Rs 5 crore. Let’s figure out how long it would take for them to achieve this goal.
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Sun, Dec 01, 2024
Let’s understand how an individual can aim to build a retirement corpus of Rs 2.5 crore upon reaching the age of 55 years by starting to invest at the ages of 25, 30 and 35. Here, we will explore investment amounts with examples, aiming for retirement at age 55.
Thu, Nov 28, 2024
Retirement Planning: Whether you are a salaried employee, a small business owner, or an individual, it is important to think and plan for your post-retirement life as early as possible. Doing so will help you achieve financial freedom and a stress-free life.
Tue, Nov 19, 2024
SIPs enable investors to acquire units at a reduced average cost per unit. When the market rises, investors buy fewer units; when it falls, they buy more. Compounding increases your investment returns over time and promotes faster development. It generates larger profits and promotes investment growth over time. The initial deposits compound over time to form a considerable corpus.
Having a retirement corpus provides a sense of financial security during the post-employment years. By planning a retirement, individuals can reduce the risk of becoming dependent on others for financial support. Starting early is the key strategy that might help you reach your goal of building a satisfactory retirement corpus. Here, we will discuss how a monthly savings of Rs 8,000 can help an individual build Rs 4 crore corpus.
Mon, Nov 18, 2024
Retirement is a natural stage of life that comes for everyone, and while you can't avoid it (unless faced with a tragic situation), it's crucial to start saving for it as early as possible. Given the rising inflation, a retirement corpus of at least Rs 1 crore may provide some financial security after you retire. But how can you accumulate this amount? The answer lies in investing wisely, and one of the best options available today is Systematic Investment Plans (SIPs).
Thu, Nov 14, 2024
The earlier you start, the sooner you can end it, and the easier it is likely to appear to you. See how a Rs 11,000 monthly SIP investment can help you reach a Rs 7 crore retirement corpus goal. Know how many years it may take if your annualised returns are 12 per cent, 13 per cent, 14 per cent, or 15 per cent; and if someone starts it at 25 years of age, by what age they can reach the Rs 7 crore corpus target.
Wed, Nov 13, 2024
Even if one manages to save 20 per cent of their income and starts investing in a scheme where they compound returns, the long-term investment can bring them magical results. A small investment done consistently for years will create a sizeable retirement corpus.
Thu, Nov 07, 2024
Retirement Corpus Calculator: Knowing how much amount you need at retirement and what should be your investment or income source to achieve that goal is important for everyone seeking a comfortable life post retirement.
Fri, Aug 09, 2024
This article explores potential retirement savings through the Employees' Provident Fund (EPF) for basic salaries of Rs 15,000, Rs 25,000, and Rs 35,000. It includes detailed calculations based on a 25-year contribution period, 8.25% annual interest, and a 5% annual salary increase, illustrating the substantial corpus that can be accumulated.
Fri, Aug 02, 2024
The EPFO provides an annual compound interest of 8.25% on contributions. Both employee and employer contribute a maximum of 12% of the basic salary and dearness allowance (DA). Read more.
Fri, Jul 19, 2024
Wed, Jul 03, 2024
Early retirement means achieving financial freedom early, reaching a stage where you don't have to toil hard to get money for your monthly expenses and other needs. One may achieve financial freedom at 35, 50, or 60 years of age, or not at all. It will depend on how you plan your retirement.
Mon, Oct 09, 2023
Retirement Planning: It is better to plan in advance for your future and the future of your children, then how can you plan properly and what is the right investment in retirement?
Wed, Sep 20, 2023
Money Guru: Experts say how to manage expenses after 60 years? How to make retirement stress free? Understanding this, it is important to plan for it from now on.
Tue, Sep 19, 2023
Retirement Planning: The idea of an early retirement, followed by a long vacation, adventure thrills, and spending time on your hobbies, appears ideal.
Mon, Sep 26, 2022
FIRE is a new personal finance movement defined by frugality, extreme savings, and investment.
Wed, Nov 17, 2021
Know today in Money Guru what is the concept of Early Retirement and why is its trend increasing among the youth?
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