If you are  30s to 40s now? Here’s how to reach Rs 10 crore by your 60.

Starting early is the secret to building wealth by the time you retire.   With the aid of the Power of Compounding, if you invest for a longer period of time in a methodical and regular manner, you can attain your goal amount with less money.

For instance, in the 30–40 age range:  The individuals are neither too elderly nor too young to give up on their financial aspirations at this age. To accumulate a net worth of Rs 1 crore (at least) and enjoy eternal freedom is one of the objectives shared by many.

The real figure may vary depending on the person.  Let's pick one of the well-known ones and set a goal of Rs 10 crore for our discussion.

Age 30: How to reach Rs 10 crore in 30 years

If you are a Conservative ( wants to be in safe side)  investor who invests mostly in debt, you need to set aside between Rs. 68,000 and Rs. 69,000 each month assuming an average return of 8% over a 30-year period. Assuming 30 years of returns of 10% on average, if you are a balanced investor who invests equally in debt and equity, you will need to put aside Rs 46,000–47,000 each month. If you are a risk-taking investor who invests mostly in stocks, you will need to set aside around Rs 30,000 to Rs 31,000 every month, assuming average returns of 12 percent over a 30-year period.

Age 35: How to reach Rs 10 crore in 25 years

If you are Conservative ( wants to be in safe side)  investor , you should invest roughly Rs. 1 lakh to Rs. 1.1 lakh each month assuming an average return of 8% over a 25-year period. If you are a balanced investor, you should put away roughly Rs 77,000–78,000 every month, assuming average gains of 10% over a 25-year period. If you are an ambitious investor, you will need to invest roughly Rs 55,000–56,000 each month assuming average returns of 12 percent over a 25-year period.

Age 40: How to reach Rs 10 crore in 20 years

If you are Conservative (want to be on the safe side) you should invest between Rs. 1.6 lakh and Rs. 1.7 lakh each month, assuming average returns of 8% over a 20-year period.

 If you are a balanced investor, you should set aside between Rs. 1.3 lakh and Rs. 1.4 lakh each month, assuming average returns of 10% over a 20-year period.

 If you are an active investor, you should set aside between Rs. 1 lakh and Rs. 1.1 lakh each month assuming average returns of 12 percent over a 20-year period.

Note: The actual investment figures will be slightly higher if you consider long-term capital gains taxation, which has not been considered here for simplicity.

Mutual Fund Investments are subject to Market Risk and Past Performance may or may not be sustained in the future.  Data were taken from various Web Portals and rounded off.

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