"How do I retire by the age of 40-45?"
If you ever had this thought, let's look at a few numbers.
Let us take the example of Raju.
Raju started earning at the age of 25.
He wanted to build a retirement corpus of ₹2.5Cr.
And retire at the age of 45.
To build this corpus, he can start an SIP of ₹28,000 in mutual funds.
Assuming 12% annual returns, he will achieve his goal.
But investing ₹28,000 might not be feasible for him initially.
The solution is to start investing ₹13,000 per month and increase the investment by 10% every year.
He will reach his goal in this case as well.
Takeaway: Start investing from your first paycheck!
Have you started your retirement planning?