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How Much Money You Should Save by Every Age? (worksheet included)

Shankar Nath 58 views

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12 post tax means approx 18 hike peryear This is not possible Many employees have got no hike Also in 30's kids and parental expsneses grow big
Comment from : @sumithhh9379

This video is a theoretical fantasy Missed out many key factors like Many factors like, Tax liability on higher incomes, Mandatory EPF contribution etc Also consistent increase of salary (8-12) is not realistic However this gives a rough guideline on what to do,
Comment from : @bharathkannan50

I am 27 years old and I have networth of 38 Lakhs ( most of the my money is in govt schemes like NPS,SSY,PPF) and I am thinking to buy car worth 12 Lakhs Is it a good decision ?
Comment from : @chingchang7757

I am 25cr at age of 33 excluding my real estate or retirals I am ambitious to reach 100cr before 55 Any advice ??
Comment from : @santoshsamal001

I believe your assumptions about income growth rate and savings rate are quite unrealistic Income growth isn’t as linear as you think; it depends on the value you provide and other factors On the other hand, the savings rate generally increases with income This increase in savings rate is what leads to wealth generation in the long run
Comment from : @an71000

Aiming to hit FI by age 40 Hope to continue working after that but not for money
Comment from : @shyampsunder2003

You are assuming that there are no major expenses that would require eating into the savings/investments For example, buying a house, children’s higher education, children’s marriage, etc
Comment from : @ErSwapnilAgarwal

Im 31 i did save up to 13 lakhs but i put all of that into down payment of a flat as my family never had a own house or flat So here i am back to zero😂
Comment from : @whencat4705

One thing for which you forgot to adjust for is Tax If you bring it into your equation the entire thing will go for a toss Hoping to see a new video of this
Comment from : @rohitpeshwani5326

Hi Shankar, Can you make a video for someone fresh out of college who got their first job, 50k salary how do they start invest and what shoud they invest in?
Comment from : @vishnuvardhan5940

Please give me formula about in this excel
Comment from : @sanjayvidwans5163

Moral of the story, invest early!!!
Comment from : @vihaanvilekar

The monthly expenses in the sheet seem unrealistically high For instance, a ₹6 lakh monthly expense at 50 seems far from reality I can relate to the income and savings figures—in my case, they’re even higher than those in the sheet—but my expenses are just a tenth of what’s stated
Comment from : @DrKallalPramanik

Sorry this video is not resonating at all because of two things - starting salary is not that high, can't save so much and salary increments are very unrealistic! This is a best case scenario, but as we all know it, life doesn't turn out like that! :D
Comment from : @shilpamurthy8105

Sir, please make video on rights issues , warrants and preferential issues with strategies,Thank you sir
Comment from : @trinadhp416

Hi
Comment from : @samar369nath

Banks give salary hike of 4-5 only
Comment from : @moneymagnet641

4:44 by age 40, individuals should aim for a portfolio 3 times of your annual income (36 Lakh if 12 LPA)
Comment from : @zerobudgethealth3308

This portfolio value expectation is as of todaybrBut 10 years, that number will be very high due to inflationbrSo just don't target these numbers GL
Comment from : @siddhantchogle

the estimates may be true for a corporate honcho Unfortunately i have been a high ranking Army officer with payscales matching with a senior IAS officer in GOI can't even dream of such huge corpus built on salaries at 56
Comment from : @sumanmitra5872

Sir 30 ki age me 1lakh salary har kisi ki nhi hotibrbrPlz update data and consider 30 age with 30k monthly salary with 8 annual increment
Comment from : @TopicTrackerwithrk

12 return BS isnt gonna last longIndia is aging and its aging super fastin the next decade u will see sizeable chunk of IT/fin services people who started their career in 90s retiring that number may even double in 2040swhat it means that investment into MF and Stocks will come doen gradually as a generation keeps signing off from working ageYes new money will come but you will see more and more redemptions increasing at a significa pace pressuring the returns10 at max on a normalozed basis is something that should be assumed henceforth
Comment from : @sankeerthnedunoori

I am 37 with real estate 13 cr (fully paid) and another 15 cr invested in 20 equity marlet, 40 fixed deposits and the rest 40 in p2p lending If i stop adding more money into investments and continue to work until 50/55 with my expenses from my salary, am i still financially sorted?? My current expenses are around 1 lac a month
Comment from : @nehamarchar353

Your mutual fund related videos helped me take decision on building my portfolio This video gave me anxiety
Comment from : @NM-yj6uu

I and a lot of my friends work in top IT companies, including Faang The salary appraisals have been below 5 for everyone for like last 5 years Even if someone gets promoted, they still get single digit increments
Comment from : @asurakengan7173

I have 30 cr saved up and I need 1cr every year can I retire I am 10 years away from the full age of retirement
Comment from : @manuvns

12 appraisal every year is unrealistic It’s realistic only on excel
Comment from : @rrajesh145

Does this portfolio includes NPS & PF Savings ? or plain equity and MF you are referring ? when you say 12 Lakhs savings at age of 30
Comment from : @thoughty42

With no major reformist budget policies by the incumbent government and they are happy with the present growth rate, should the investors now tone down their return expectations for the long term, and look outside India maybe?
Comment from : @arnabsinha7341

10 increment at 40s? Please be practical Sir
Comment from : @tamilgk_infokalanjiam

10 increments in 40s when u are VP or D, is almost impossible
Comment from : @ravirathi8

This video is more of mathematically proving things It has very less relevance to practicality 1 lac salary at the age of 30 and consistent increment of 10/12 is not realistic
Comment from : @gauravchabukswar3439

Dear shankar This is quite a wonderful video and refreshing Can you pls tell if you mean, net income when you say income, or do you mean gross income before tax?
Comment from : @bharatfoodie

DEAR SHANKAR brIS IT POSSIBLE TO REVISIT THE SMALL CAPS STOCKS YOU HAVE SHARED IN YOUR NEWSLETTER AFTER QUATERLY RESULTS ?brREGARDS
Comment from : @jitendertaneja2269

Hi Shankar, key takeaway for me isnt in numbers but in the ratios you presented brSavings of 1x your annual income at 30brSavings of 2x your household annual income (assuming you are married)brSavings of 3x of your houshold incomebrbrI think everything aside, these are pretty good benchmarks!!
Comment from : @pranavsinghal8257

It seems the numbers are unrealistic, i am 45 years old have bank balance of 45 lakhs, because i had a commitment in 30s like house and car But the numbers we can keep it as target by increasing savings Salary hike is too unrealistic because as u grow the hikes will be less
Comment from : @rakeshrr8208

Very nice shankar ji
Comment from : @sahilSiddiqui-e6h

At india Engineering consultants offers increment in range of 5 to 8brAfter 45 your scale is saturated no increment yet all
Comment from : @etharik

Sir need to know which credit card is best , kindly put a detailed vedio on that
Comment from : @sriniaadhi29

9:25 doctors crying in the corner
Comment from : @lemedico

One questionbrbrIs this savings rate on post tax income or pretax income?
Comment from : @AniruddhaJog-od1vm

i luv the image @ 0:17
Comment from : @haneefshaik5472

Wonderful Sir, very insightful like most of your videos🙏 Though in reality many of us in late 40s were not as enlightened in early age Spent money in house, car and vacation, hope next gen will be more prudent To make best use of the sheet can we add cost of Assets we bought like house, second house as passive income ? also how to start this sheet from in between, say 40 yr of age
Comment from : @kash9604

For IT industry, most people will stop at 45 or earlier Salary increments are in double digits only for certain percentage of people Furthermore, normally, a lot of people understood the importance of investing during covid So, having a lot of past savings is possible in few cases only Request you to make a video for people who are in their 40s & probably missed the investment journey in their 30s How should they recover from it?
Comment from : @aruiwale

Retirement corpus should be based on lifestyle, not income Unless someone have the income and lifestyle amount same
Comment from : @veerjainatgmail

Seeing the comments, makes me feel poor 😢
Comment from : @niara6

These numbers are scaring me 😢
Comment from : @palam012

exactly the video i wanted!
Comment from : @bagchi_sagnik

Not even 20 at the age of 37😢
Comment from : @girishr

Salary increment is too high No one gets 8 hike on an annual post tax salary of 2cr
Comment from : @subhampatro3342

Hi Shankar,brGood Video,brI'm 40 working in Dubai as CFO, Salary of 2cr/yearbrI've a portfolio of 12cr purely in stocks and 3cr in Debt and ETFs (Passionate stock market investor for past 20 years)brif i move to India my Yearly expense would be 25 lakhsbrwhen is the right time to retire for mebryour advice will be very much appreciated ( As you have been there and done that)brThanks
Comment from : @market_learner27

uffit looks like a pretty tough ask with some sort of nagging stress and mechanical life throughoutsalary compounding at 10 looks difficult these days even for young people (forget the older folks after late 40s) with far more manpower supply than demand in our country
Comment from : @sreejaysreedharan4085

I am 26 Year old and my earning in your chart has been referred to as someone of age 54 😅…
Comment from : @ishankbaranwal8014

I am 38 and i have 60l saving including nps and pf Short by 15l
Comment from : @thenaughtyanil

Age: 23brMF portfolio: 40 Lakhs
Comment from : @ayanmandal3460

5 to 7 is max as increment How you assume like 12
Comment from : @amrendragupta

Thanks a lot for this informative video as always!!! One request, could you please make some video for the late starters say at 40's or late 30's with minimal savings & those who don't have huge salaries( like IT) even at this age Thanks again!!!
Comment from : @prak-wi5vc

Excellent, thanks for doing this 🙏
Comment from : @bala5782

Sir pls recheck your calculations… brSalary hike practically 5 or even less 3-5 when you consider over all 35 yrs experience Because once you reach 40L 50L salary your hike will be 1-2
Comment from : @mgappstech6179

I hope you are starting your small case and community tomorrow
Comment from : @kaasiworld

At 32 and many financil video later, i pay more attention to folks who assume a modest average portfolio return of 10 Kudos for doing that! I have seen finfluencers use 12-15 (some even higher) for 20 -30 year long periods which is absolutely unattainable in the long run post tax Alos, as we age, you need to divert more funds in more secure (which are inherently less tax efficient) instruments for security and easy access
Comment from : @niladriroy

Really like you would like to meet you someday
Comment from : @sayandeep_TheEveningLamp

Those salary increases are a dream for 90 of Indians Only IT and finance pays that well usually
Comment from : @TheFourthWinchester

Sar hindi please
Comment from : @funwithrohini6157

Thanks shankar for all the knowledge that you provide to our generation 🙂🙂❤
Comment from : @shivangbadola9211

Sir make videos in hindi, it will help lots of people in our country , which are not comfortable in english❤❤
Comment from : @Sandy-ul8et

The increments don't increase much as the salary keeps going high The hikes stay at around 5 once you reach above 25 lpa in my experience
Comment from : @aravinds5011

Thanks shankar ji and very true lines,our 20’s are the foundation for true financial success,And me unfortunately did have any interest in savings nor investments
Comment from : @praveennair335

Sir, is this good time to accumulate Raymond Lifestyle ,as it's already less than book value
Comment from : @MOLICERAMIC

Please make a video how much and how can one start if starts at 30, starts at 40, or even the 50s This will help those who did not or could do it earlier for whatever reason
Comment from : @kamathsonline

Sorry to say but these incomes values and annual salary hike are way of the charts Please check big IT companies salary hikes for the past 5 years
Comment from : @13ghosts66

👍🏻
Comment from : @maulik2500

I don't think people will have 2 cr income at the age of 50 😅
Comment from : @Vishwas997

12, 10 annual increment on salary that too consistently is slightly far fetch
Comment from : @Utkarsh17899

This exercise is quite bookish to be honestbrFirstly the salary growth expectations seem quite inflated While assuming a switch and growth from such switches once in a while is good, assuming 10 growth in salary YoY is ridiculously high brbrSecondly not accounting for wage stagnation, hyper inflation in other necessities such as property, real estate, education, health maintenance costs (just having a health insurance wont mean you'd have 0 costs in this area) is a blunderbrbrLastly the Indian dynamics of savings and investments are quite different than and complicated For most people having to cover bigger milestones in life is what's going to consume a big chunk of their wages Things like home loans, education loans, marriage costs, child bearing costs, etc brbrThere is clear data indicating that for most people almost 50 of their wages goes towards home loans, 20 to 30 goes towards cost of living Not accounting for niceties such as eating out, iPhone's and other fanciness the remaining 20 is what can be assumed to be invested that too in a conservative way And quite a lot of people don't make it towards the fat paychecks mostly surviving and planning families in <1 lakh a month with dependent parents Add to this the fact that costs keep rising however salaries don't YoYbrbrTargeting these topics in a single video isn't easy cause life isn't easy of course but I always assumed this channel is about higher order quality content and not surface level Ankur Warikoo type excel based playbook videos Just my thoughts though
Comment from : @devjitbanerjee6510

Hi sir,brFirst I would like to thank you for your top notch content which is guiding us I eagerly wait for your videos and newsletterbrA small request,can you please a video on crypto Your valuable insights would help usbrRegards
Comment from : @abhaychamoli19

Me being 23 , have portfolio of only 60000😅 out of pocket money
Comment from : @zain8571

Good to see you Shankar 🎉
Comment from : @PIXEL00000

In my 20s, I was working extremely hard, fully immersed in the startup grind, which left me with little to no savings I also ended up nearly wrecking my credit score in the process However, now in my 30s (at 34), I’ve turned things around—I’ve saved more than my annual income, and I’m on track with my financial goals
Comment from : @diliprayin