Financial planning :
Five peoples aged 25 joined a company / govt job .
Their starting salary was 30,000
Which increased 20% every 5 year
Total package till 60 years is ( 18+ 21.6 + 25.92 + 31.10 + 37.32 + 44.78 + 53.74 )=
2.32 crores
Let us assume their avg monthly expenses every 5 year is ( 15k + 20k +25k +30k + 35k + 40k +45k ) totally till 60 is
=1.26 crores
#Person A bought a home for 50 lakhs in loan ( 10 lakhs own fund )
For tenure of 20 years at 9% intrest
Loan - 40L
Intrest - 46L
Total - 86 L
He retired with 20L in hand with 62.5 lakh home ( home value appreciated at 1.25 times including depreciation )
# Person B invested 10,000 in FD for every month
For tenure of 30 years at 6% intrest
Invested amount - 36L
Intrest - 64L
Total - 1.00 crore
He retired with 70Lakh in hand and 1 crore FD .
He then bought home for 62.5L
And sit with 1.07 crore
# Person C invested 10,00,000 in gold after saving for 15 years
( 440 - 1 gram )
(10L - 2.27 kg )
Invested - 10,00,000
Returns - 96,69,000
Total - 1,06,69,000
He bought home with cash for 50 lakh at his 50 age , from his savings
He retired with 46L in hand with 1.06 crore worth of gold and a 62.5L home .
# Person D invested 5000 per month in SIP plan of stock market at 18% returns ( CAGR ) for 30 years
Invested amount - 27L
Returns - 6.98 crore
Total 7.16 crore
He bought home with cash for 50L at his 50th age , from his savings
He retired with 29L in cash with 50L home and 7.16 crore from SIP
#Person E
Saved for 5 years from his 25th age till 30th age
Monthly 10,000 totally 6 lakh and invested directly with help of financial advisor in stock market with annual returns of 18 % CAGR for 30 years
Invested - 6L
Returns - 8.52 crore
Total 8.6 crore
He bought home with cash for 45L at his 45th age , from his savings
He retired with 55 lakh cash in hand with 62.5 lakh worth home and a 8.6 crore worth stock portfolio .
Everyone started same ,
but end are not same ....
So Invest wisely.