Delay of 5 years in saving money can lead to loss of Rs 1 crore! understand here

New Delhi. A delay of just a few years in your first investment can result in a loss of crores of rupees. Most financial experts say that one should start saving as soon as one starts a job. For this you do not have to save any huge amount. Investment can be started only by saving small amounts. This small amount every month can create a huge fund as savings for your future. Today we will tell you on the basis of saving Rs 5,000 every month, how beneficial it can prove to be for you in the long run. You will be surprised to know that a delay of just 5 years in saving can cause a loss of Rs 1 crore.

For example let us take three investors. These three investors have started investing Rs 5,000 every month at different ages. All these investors are investing for their retirement till the age of 58 years.

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>> Investor ‘A’ started investing at the age of 23 years. They expect an average return of 11 percent on an investment of Rs 5,000 every month. By the age of 58, he will have Rs 2.64 crore as retirement fund.

>> Investor ‘B’ started investing Rs 5,000 every month at the age of 28. They also expect a return of 11 percent. By the age of 58, he will have Rs 1.40 crore as retirement fund.

>> Investor ‘C’ starts investing at the age of 33 years. They also expect a return of 11 percent on an investment of Rs 5,000 every month. According to this, investor ‘C’ will have only Rs 79 lakh as retirement fund at the age of 58 years.

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The above example clearly shows that a delay of 5 years in investing Rs 5,000 every month for 11 percent annual return can generate losses of up to Rs 1 crore. If we look at the interval of 10 years, this amount is becoming even bigger. Following this example, it can be said that the sooner investment is started, the stronger one’s future will be financially.