The goal planner is set to ₹1 crore in 20 years. Change the years and the return.
At an assumed 12% a year, reaching ₹1 crore takes about ₹10,000 a month for 20 years, ₹19,800 a month for 15 years or ₹43,000 a month for 10 years. Time does most of the work: the 20-year plan invests only ₹24 lakh of your own money.
At an assumed 12% a year, reaching ₹1 crore takes about ₹10,000 a month for 20 years, ₹19,800 a month for 15 years or ₹43,000 a month for 10 years. Time does most of the work: the 20-year plan invests only ₹24 lakh of your own money.
With a 10% step-up every year you can start lower, at roughly ₹5,000 a month for 20 years. Remember inflation too: at 6% a year, ₹1 crore in 20 years will buy about what ₹31 lakh buys today.
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About ₹43,000 a month at 12% a year.
About ₹19,800 a month at 12% a year.
About ₹10,000 a month at 12% a year.
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