Starting your investment journey at 25 versus 35 can mean the difference between a comfortable retirement corpus and a shortfall — the numbers make the case.
Tejas Shah
Proprietor of Silicon One and Silicon Systems, AMFI-registered Mutual Fund Distributor since 2004, based in Vadodara.
Starting a Rs. 5,000/month SIP earning 12% at 25 versus 35 makes a dramatic difference over 30 years — growing to roughly Rs. 1.77 crore, or Rs. 4.42 crore if the contribution is increased by 10% every year to keep pace with rising income.
What you save in the first five years of your career can account for nearly 22% of your final retirement corpus — miss those golden years, and your final corpus shrinks by roughly the same proportion, however much you save later.
#investing#retirement planning
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