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  • How to save Rs 8 crore even with a modest salary?

How to save Rs 8 crore even with a modest salary?

Learn how to build a retirement corpus of Rs 8 crore, even with a modest salary. Discover smart saving strategies, investment plans, and the power of compounding to secure your financial future. Start planning today for a comfortable retirement! 

1 Min read
Gargi Chaudhry
Published : Nov 24 2024, 12:25 PM IST
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14
Monthly Savings

Monthly Savings

Planning for retirement may seem daunting, especially if you're working with a modest monthly salary. However, with disciplined saving, strategic investing, and the power of compounding, achieving an Rs 8 crore corpus is within reach. This guide outlines the steps to grow your wealth steadily, regardless of your income level, ensuring financial security and a comfortable retirement. Start today and set yourself on the path to a prosperous future.

 

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24
Invest in SIP

Invest in SIP

Even on a salary, you can have Rs 8 crore by retirement. Learn saving tips. To achieve Rs 8 crore by retirement, plan and save for 30 years.

To accumulate Rs 8 crore, aim for a 12% annual return. Investing for 30 years will yield Rs 90 lakhs. Investing correctly in SIPs can help you reach Rs 8 crore by retirement.

34
Over 8 Crore

Over 8 Crore

With 12% interest, you'll receive a total of Rs 8 crore 82 lakh 47 thousand 844 rupees. Prioritize security before investing to avoid financial fraud. Thoroughly research before investing.

44
Invest from the Start

Invest from the Start

Start investing from the beginning of your career. Plan and invest wisely for a secure retirement. Use reputable portals to research and verify investment options to minimize fraud risk.

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About the Author

GC
Gargi Chaudhry
Gargi Chaudhry currently works as a chief copy editor with an experience over 7 years of experience in news writing, reporting and editing. She primarily covers national news, politics, technology and auto. She holds Master's degree in Communication and Journalism and has completed Digital Marketing certification from MICA, Ahmedabad. She has previously worked with Republic Media, Deccan Chronicle.
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