Retirement Planning: Big News! Want to deposit crores till retirement, know how much to invest at which age

Retirement Planning: Retirement planning is very important for everyone. The sooner you start the investment process, the bigger the retirement fund you will get. Most of the salaried people have this concern that often people in the age group of 30 to 40 years get the first thought about this. But at this age, it is very difficult to start the investment process and accumulate a large fund. That is why as soon as you get the first salary of your life, you should think about retirement planning and start the investment process.

Never rely on tomorrow

People aged between 25 to 35 years postpone retirement planning for tomorrow, but the sooner investment is started, the bigger the fund can be created. If you earn a good salary and are between 30 and 40 years of age, you can accumulate a corpus of Rs 10 crore by the time you reach 60 years of age. If you are 30 years old, you still have 30 years left to invest. If you are 40 years old, you have 20 more years left to invest.

Asset allocation is important

The returns on your investments depend on how you do your asset allocation. There will be ups and downs in your portfolio returns. If you have allocated more in debt then the returns will be less. Whereas if you have made a lot of allocation in equity through the right category of equity funds, then the returns will also be higher. If you want to deposit a fund of Rs 10 crore, then you will have to invest Rs 30 thousand to Rs 1.7 lakh per month.

Start investing at the age of 30

If you do not want to take much risk and invest more, then your average return will be only around 8 percent. In this context, you will have to invest Rs 68,000 to 69,000 per month. If you make a balanced investment, which invests equally in equity and debt, your average return will be around 10 per cent. In such a situation, you will need to invest Rs 46 thousand to Rs 47 thousand per month. If you are an aggressive investor who mainly invests in equities, your average return will be around 12 per cent. In such a situation, you will need to invest Rs 30 thousand to Rs 31 thousand per month.

Starting at age 35

If you are a conservative investor then you will need to invest Rs 1 to 1.1 lakh. Whereas the monthly investor will have to invest Rs 77 thousand to Rs 78 thousand. If you are an aggressive investor then you will have to invest Rs 55 thousand to Rs 56 thousand monthly.

Start at the age of 40

If you are a conservative investor then you will need to invest Rs 1.6 lakh to Rs 1.7 lakh. Whereas Rs 1.3 lakh to Rs 1.4 lakh will have to be invested monthly. If you are an aggressive investor then you will have to invest Rs 1 to 1.1 lakh monthly.

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