In India, a middle class person generally plans somewhere around 10-15 crore for his retirement and spends more than 55 to 60 years to achieve that goal.
If you want to retire earlier, then you have to plan earlier, so read this story carefully.
Criteria to Proceed with 15x15x15 Formula >>
1. First, you should have a Source of earning from Job or Business.
2. You will have to save money from your Income to invest monthly.
The 15x15x15 Formula means you will have to invest 15000 rupees per month in a mutual fund which is giving average CAGR of at least 15% for 15 Years.
The only rules in this formula is be disciplined with your monthly investment and never default on it for the next 15 Years.
Upon investing continuously for 15 Years your principal amount will be 27 Lakh and the final amount based on an average 15% annual return will be 1,01,52,946.
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