Retirement Plan of 30 year indian — 1

Imagine a guy named Rahul, currently 30 years old, with an expected retirement age of 60. Rahul aims to save 23,435 rupees every month towards his retirement. He diligently puts this money aside monthly and plans to invest it for the next 30 years.

Total amount of money that rahul saves at the end of 60 years would be around 84 Lakhs. This money if invested as a SIP into equities then Rahul retirement corpus would become 8 crores of rupees.

All you need is such a simple plan and reasonable expectations of returns on your invested amount.

But investing a total amount of 84 Lakhs even though it happens over a period of 30 years can be very taxing, scary and overwhelming. Fortunately, there’s now a tool available for retail investors to help manage this process — it’s called www.investodiary.com.

Now Rahul can just create allocation for his entire investment into Large cap, mid cap and small cap funds. After you create allocation, the tool will tell you how much money needs to be invested in each of these category of funds with its simple interface.

Investodiary.com helps users to create an investment plan and after that it helps you to stick to your investment plan by focussing more on the process rather than any thing else going on with equity markets.

Now Rahul can focus on investing into categories as per his plan and track his progress in his investment journey.

There is only one way to create wealth and that is by saving money during your young years.

Happy investing :)