To get 2 crores by the age of 40 and 20 crores till the age of 60, how much will you have to invest today, know the ganis to become rich

Retirement planning: Investing at the beginning of your career can be important to secure your future and this can help you to avoid many years of difficulties. Imagine that you have invested in a lump sum (once) mutual funds in the mid -20s, which lays the foundation of your retirement life. From this investment to your 40th birthday, you can have an estimated ₹ 2 crore and ₹ 20 crore till 60th birthday. With this amount, you can take retirement early at the age of 40 or avoid it for a few years so that your investment continues to grow rapidly. Let us know how much you have to invest today so that you can achieve a target of ₹ 2 crore by the age of 40 and ₹ 20 crore by the age of 60 years.

Mutual fund investment retirement planning
Mutual funds have been a popular investment means for retirement planning. They give an opportunity to invest in big companies, foreign markets, fixed interest bonds, global funds etc. Investors can select mutual fund types or assets according to their risk capacity and retirement goals. They can modify their strategy, stop investment or start again.

Important role in return on investment

When we talk about making a certain amount from investment, the approximate returns will decide how soon or late we will achieve that goal. Only 1 percent of additional returns on your investment can make a big difference in a long time. For example, if your annual investment return is 12 percent, then your lump sum investment of Rs 5 lakh can increase by Rs 1,49,79,961 in 30 years. However, if you get 13 percent annual return on it, the estimated amount can be Rs 1,95,57,949.

We will calculate the estimated amount for a 25 -year -old person, so that he can get Rs 2 crore at the age of 40 and Rs 20 crore at the age of 60 years. We will take 12 percent annual return for our calculation.