| At end of Year | 5% | 10% | 15% | 20% |
| 1 | Rs105 | Rs110 | Rs115 | Rs120 |
| 5 | Rs128 | Rs161 | Rs201 | Rs249 |
| 10 | Rs163 | Rs259 | Rs405 | Rs619 |
| 15 | Rs208 | Rs418 | Rs814 | Rs1541 |
| 25 | Rs339 | Rs1,083 | Rs3,292 | Rs9,540 |
Tuesday, August 10, 2010
When to start saving for retierment
Lot of people have a mindset that planning for retirement has to be done just before retirement, does it make sense? how about planning for retirement from day one you start earning money.. sounds funny right, its true in our country people has started earning in a younger age, thanks to India Inc. But how many save for tomorrow.Start early and get the advantage of power of compounding. The below table gives you a clear understanding. Initial investment is Rs 100 @ 20% returns it has grown to 9540!! tats the power of compounding. So for a happy retirement start saving today so that you can built the required corpus for retirement.
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