Power of 1000
   
Performance Calculator
 
 
 
Home > Calculator > Power of 1000
The journey from savings to investment doesn’t have to start with big sums.The only two ingredients are Discipline and Time.
The ocean is formed with nothing else but droplets. This is exactly what the
SIP-O-Meter offers you. The adjoining tool shows you the exact amount you will attain if you start saving today at an approximate interest rate.
1) The SIP-O-Meter helps you find out the amount you will receive at the presumed age of retirement i.e 60.
(Rs. 1000 per month is the standard amount taken at different interest rates).
2) Get to know the amount you will receive if you save amounts greater than Rs. 1000 per month.
3) Simply multiply the answer you would get for saving Rs. 1000 per month by the multiple of 1000 (if you are saving 2000 pm then multiply your answer with 2 and so on and so forth).
The later you start in life you need to take bigger risks (i.e. seek out higher interest rates) to reach the same figure.
If you start investing Rs 1000 @10% pa at age 38 then you get a sum of Rs 858,546 at age 60. However if you delay investing till age 45 then you need to invest at more than 17% pa to arrive at the same figure.