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    Scripbox - Power of Saving Early Distribution Version

    Uploaded by

    srinivasdinakar.nalsar

    Copyright:

    © All Rights Reserved
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    Scripbox - Power of Saving Early Distribution Version

    Uploaded by

    srinivasdinakar.nalsar
    19 views7 pages

    Original Title

    Scripbox_-_Power_Of_Saving_Early__distribution_version_ (1)

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    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    19 views7 pages

    Scripbox - Power of Saving Early Distribution Version

    Uploaded by

    srinivasdinakar.nalsar

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    of 7

    https://scripbox.

    com

    Power of saving early


    Money @ 65
    Start Early 12,804,156
    Start late (only a little) 4,648,202
    Rate of Return assumed 14%
    Calculations
    Start Early Start late (only a little!)
    Amount Invested What you have Amount What you have at
    Age start of year at end of Year Invested end of Year
    start of year
    25 10,000 11400 - -
    26 10,000 24,396 - -
    27 10,000 39,211 - -
    28 10,000 56,101 - -
    29 10,000 75,355 - -
    30 10,000 97,305 - -
    31 10,000 122,328 - -
    32 10,000 150,853 - -
    33 10,000 183,373 - -
    34 10,000 220,445 - -
    35 - 251,307 10,000 11,400
    36 - 286,491 10,000 24,396
    37 - 326,599 10,000 39,211
    38 - 372,323 10,000 56,101
    39 - 424,448 10,000 75,355
    40 - 483,871 10,000 97,305
    41 - 551,613 10,000 122,328
    42 - 628,839 10,000 150,853
    43 - 716,876 10,000 183,373
    44 - 817,239 10,000 220,445
    45 - 931,652 10,000 262,707
    46 - 1,062,084 10,000 310,887
    47 - 1,210,776 10,000 365,811
    48 - 1,380,284 10,000 428,424
    49 - 1,573,524 10,000 499,804
    50 - 1,793,817 10,000 581,176
    51 - 2,044,952 10,000 673,941
    52 - 2,331,245 10,000 779,692
    53 - 2,657,619 10,000 900,249
    54 - 3,029,686 10,000 1,037,684
    55 - 3,453,842 10,000 1,194,360
    56 - 3,937,380 10,000 1,372,970
    57 - 4,488,613 10,000 1,576,586
    58 - 5,117,019 10,000 1,808,708
    59 - 5,833,401 10,000 2,073,327
    60 - 6,650,078 10,000 2,374,993
    61 - 7,581,088 10,000 2,718,892
    62 - 8,642,441 10,000 3,110,937
    63 - 9,852,383 10,000 3,557,868
    64 - 11,231,716 10,000 4,067,370
    65 - 12,804,156 10,000 4,648,202
    How your Money grows
    Your age 25
    Your Salary 20,000
    Age at retirement 65
    Monthly investment 5,000
    Increase every year by 10%
    Invest in (Select) Equity Funds (14-16% post tax)
    Rate of Return 14%
    Amount accumulated at retirement 267,062,413
    Amount in today's value terms 13,276,583
    Can generate a monthly income of 88,511

    Age Amount
    25 60,000
    26 66,000
    27 73,000
    28 80,000
    29 88,000
    30 97,000
    31 107,000
    32 118,000
    33 130,000
    34 143,000
    35 157,000
    36 173,000
    37 190,000
    38 209,000
    39 230,000
    40 253,000
    41 278,000
    42 306,000
    43 337,000
    44 371,000
    45 408,000
    46 449,000
    47 494,000
    48 543,000
    49 597,000
    50 657,000
    51 723,000
    52 795,000
    53 875,000
    54 963,000
    55 1,059,000
    56 1,165,000
    57 1,282,000
    58 1,410,000
    59 1,551,000
    60 1,706,000
    61 1,877,000
    62 2,065,000
    63 2,272,000
    64 2,499,000
    65 2,749,000
    66 -
    67 -
    68 -
    69 -
    70 -
    https://scripbox.com

    oney grows

    << Use 65, play around with earlier retirement options


    25% of your Salary

    uity Funds (14-16% post tax)

    << This adjusts the future amount for inflation


    443% of your current salary
    AWESOME!!

    Amount at retirement
    12,089,249 << Notice how the first year's saving has the maximum Impact ev
    11,665,065
    11,317,779
    10,879,865
    10,498,115
    10,150,690
    9,822,063
    9,501,586
    9,182,324
    8,860,137
    8,532,950
    8,247,851
    7,945,907
    7,667,103
    7,401,300
    7,141,605
    6,883,594
    6,646,408
    6,420,822
    6,200,544
    5,981,515
    5,774,209
    5,572,734
    5,373,241
    5,182,102
    5,002,558
    4,829,034
    4,657,836
    4,496,973
    4,341,439
    4,187,921
    4,041,323
    3,901,044
    3,763,631
    3,631,574
    3,503,945
    3,381,720
    3,263,538
    3,149,721
    3,038,961
    2,932,437
    -
    -
    -
    -
    -
    ment options

    s saving has the maximum Impact even though you are saving more in later years!!

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