Highlights
A delay of 10 years in investment can cost you 2.28 crores.
If you start investing from 18 years, you will be able to make one crore by depositing Rs 850 a month.
After 20 years, you will be under pressure to invest about 12 times more every month.
New Delhi. If you want to make a retirement fund of crores (up to 58 years) by investing in Systematic Investment Plan (SIP), then it would be better to start investing from an early age. This will not only give you more time to invest, but will also reduce the burden of saving every month.
Experts say that it is not necessary to start investing with a large amount. You can start investing even with a small amount. The most important thing in this is that you have to invest according to the fixed target, that is, if you want a retirement fund of Rs 1 crore, then looking at the annual return, you will have to invest accordingly every month. Inflation is also a big factor in this. Therefore, it is most important to assess your goals and investment potential.
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What will be the loss on delay
1. Investing from the age of 23 – If you invest Rs 5,000 every month in SIPs from this age and get 12 per cent return on it annually, then by the age of retirement (58 years) your corpus will be Rs 3.22 crore.
2. Start investing at 28 years – If you invest Rs 5,000 every month from this age, then by the age of 58, you will have a deposit of 1.75 crores at the rate of 12% annual return. That is, you will lose Rs 1.47 crore on investment with a delay of 5 years.
3. Investment from the age of 33 years – Suppose, you start investing Rs 5,000 every month from the age of 33, then you will be able to build a corpus of only Rs 93.94 lakh till retirement at 12 per cent return per annum. In this way, due to the delay of 10 years, you will suffer a loss of 2.28 crores.
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The longer the investment period, the less the financial burden
Suppose, you start investing from the age of 18, then you will get 40 years to invest till retirement. During this period, you can reach your goal by investing just Rs 850 every month. If this is what you are starting from the age of 28, then you will get 30 years for investment.
To reach the target of Rs 1 crore in this period, Rs 2,861.26 will have to be invested every month. If you start investing from the age of 38, you will have to deposit Rs 10,108.61 every month for 20 years. This means that to reach the target at a delay of 20 years, you will be under pressure to invest about 12 times more every month.
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Tags: Business news in hindi, Earn money, Investment tips, Mutual funds, Systematic Investment Plan (SIP)
FIRST PUBLISHED : July 30, 2022, 07:15 IST
