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Target Rs 1 Crore. Starting Just 5 Years Early Can Make A Big Difference
Monthly investment of Rs 2,861 at 12% can grow to Rs 1 crore in 30 years Investment requirement nearly doubles if it is done in 20 years The effect of compounding increases with increased investment tenure
08 Apr 2017, 11:24 AM IST 
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The effect of compounding is much higher when the tenure of investment increases.
Accumulating a retirement corpus of Rs 1 crore is the dream of many middle-class salaried persons. At the first glance, the corpus may look a big target, it is actually not very difficult if one starts saving early for this goal, say financial planners. A 25-year old person who has just started his career can accumulate a retirement corpus of Rs 1 crore by the time he reaches 55 by investing as low as Rs 2,861 every month for next 30...
