10% Retirement Rule

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10% Retirement Rule

It is prudent for individuals to start investing in early years of life to have comfortable living and lifestyle post retirement. How much should one save to meet there retirement goals?

While retirement planning is the last thing that comes to one's mind in their early years, market experts believe in following a simple thumb rule. It states that one should ideally invest 10% of his/her monthly income and also increase it 10% annually for a comfortable living post retirement.

The below example further brings more clarity:

Age 30
per month investment 5000
increase in investment / year 10
Average rate of return 12
Tenure of investment 30
Total investment Amount 9869641
Total retirement corpus 41508900
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