Fundwire

Fund Radar: Have Rs 0 savings? Worry not, you can still retire in 15 years

We have also provided a retirement timeline

Have zero savings? You can still retire in 15 years

The good news is that this headline is not misleading. The bad news? It's not easy to achieve. (But let's be honest: when is anything worthwhile ever easy?) So, without further ado, let's dive into the numbers. You can retire in 15 years and comfortably live off your wealth if you can: a) Invest exactly half your salary in equity mutual funds starting today. b) Increase your investment by 5 per cent annually. c) Reduce your monthly expenses by 10 per cent

This story is not available as it is from the Mutual Fund Insight October 2024 issue

Read other available articles