If the chasing team scores 100 runs in the first 10 overs, the remaining 60 runs in 10 overs becomes easy.
But if they score only 60 runs in the first 10 overs, then they need 100 runs in the next 10 overs at 10 per over.
If they further slow down and score only 30 runs in the next 5 overs, suddenly the required run rate jumps to 14 per over.
Now the team has to take more risks, chances of losing wickets increase, and winning becomes difficult.
Exactly the same principle applies to Retirement Planning.
Let us assume we need ₹10 Crores for Retirement.
If You Start Early
Age 25
Time available: 35 years
Return assumption: 10%
Monthly investment required: ₹26,000
Age 35
Time available: 25 years
Return assumption: 10%
Monthly investment required: ₹75,000
If You Delay
Age 40
Time available: 20 years
Monthly investment required: ₹1.30 Lakhs
Age 45
Time available: 15 years
Even at 12% return, you need about ₹2 Lakhs per month
Age 50
Time available: 10 years
Monthly investment required: ₹4.30 Lakhs
Age 55
Time available: 5 years
Monthly investment required: ₹12 Lakhs per month
Now the question is simple.
Just like in cricket, if you start scoring early, the match becomes easier.
If you delay, the required run rate increases and risk becomes higher.
Indian Cricket Team Won the World Cup…
But the real question is:
Will You Win Your Retirement?
At Finzo Experts, with 23 years of experience, we strive to make sure you win every financial match with the right strategy and expert advice.
R Vikram Singh
Finzo Experts
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www.finzoexperts.com
