Note: This advice was meant for Indians but I think with few minor tweaks, namely, adjusted for stock market returns in the local market, this priceless piece of financial wisdom is almost universally applicable. Financial expert Subramaniam has long advocated that we need Rs. 4 crores to retire, 30 years from now, meaning he is addressing people in the early 30s or late 20s. In Dollar terms, the value is approximately US $900,000.

So, how do we make the 4 crores?

Telling us to harness the power of compounding, Subramaniam explains:

if you were to invest just Rs. 100 a day for 30 years in a SIP which gave a SENSEX rate of return, you will have Rs. 4 crores in your retirement kitty.

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