Ways to save for your financial goals

In order to achieve your long term financial goals such as buying property, car, planning for children's higher education, marriage, insurance and pension - the following table will help you to decide how much you need to invest every month

 

1. If you want to earn Rs.5 lakh in 5 years, invest Rs.5645 every month

2. If you want to earn Rs.5 lakh in 10 years, invest Rs.1817 every month

3. If you want to earn Rs.5 lakh in 20 years, invest Rs.334 every month

4. If you want to earn Rs.5 lakh in 30 years, invest Rs.72 every month

1. If you want to earn Rs.10 lakh in 5 years, invest Rs.11290 every month

2. If you want to earn Rs.10 lakh in 10 years, invest Rs.3633 every month

3. If you want to earn Rs.10 lakh in 20 years, invest Rs.668 every month

4. If you want to earn Rs.10 lakh in 30 years, invest Rs.144 every month

1. If you want to earn Rs.20 lakh in 5 years, invest Rs.22580 every month

2. If you want to earn Rs.20 lakh in 10 years, invest Rs.7267 every month

3. If you want to earn Rs.20 lakh in 20 years, invest Rs.1336 every month

4. If you want to earn Rs.20 lakh in 30 years, invest Rs.289 every month

1. If you want to earn Rs.50 lakh in 5 years, invest Rs.56450 every month

2. If you want to earn Rs.50 lakh in 10 years, invest Rs.18167 every month

3. If you want to earn Rs.50 lakh in 20 years, invest Rs.3339 every month

4. If you want to earn Rs.50 lakh in 30 years, invest Rs.722 every month

1. If you want to earn Rs.1 crore in 5 years, invest Rs.112899 every month

2. If you want to earn Rs.1 crore in 10 years, invest Rs.36335 every month

3. If you want to earn Rs.1 crore in 20 years, invest Rs.6679 every month

4. If you want to earn Rs.1 crore in 30 years, invest Rs.1444 every month

 

Start investing through mutual fund Systematic Investment Plan (SIP) which give approximate 15% to 25% return to achieve your financial goals. 

You can invest as low as Rs.100 every month through SIP