Cost of delay in Retirement Planning
The question is not that “Do You need a retirement plan?” the question is “When are you starting to invest in a retirement plan?” We all retire someday no matter what the profession, even business owners retire someday. To have a peaceful retirement one needs to start as early as possible. You need time for your investments to grow.
Read the example below on how time helps you grow your investment.

The best time to plant a tree was 20 years ago. The second best time is now.” – Chinese Proverb
GOAL: Accumulate ₹ 1 Crore at the time of retirement
We all know starting early in investments means more time for the money to grow. This blog attempts to quantify this concept. As you can see a person aged 20 years needs to invest ₹ 2,000/- per month till retirement where as a person aged 35 needs to invest ₹ 7,500/-
The illustrator below assumes a compounded return of 10%, compounded monthly.
AGE | Amount Needed to Accumulate Rs. 1 Cr at Retirement (60 years) (at 10% compounded annual return) |
20 | ₹ 2,000 |
25 | ₹ 3,000 |
30 | ₹ 4,500 |
35 | ₹ 7,500 |
40 | ₹ 13,500 |
45 | ₹ 24,000 |
50 | ₹ 48,500 |
55 | ₹ 128,500 |
