Most people tend to postpone retirement planning, assuming there’s plenty of time. But the longer you delay, the more difficult it gets. Inflation quietly erodes the value of your money. So, the earlier you begin, the more time you have to harness the power of compounding.
For example, if a 30-year-old starts investing Rs 30,000 per month in a diversified portfolio (mix of equity and debt) yielding an average return of 10%, they can accumulate close to Rs 3 crore by the age of 60. This amount can comfortably generate the target income post-retirement.
