Steps to accumulate a ₹4 crore retirement fund using EPF
For a 30-year-old individual earning a basic salary plus dearness allowance of ₹80,000, the initial annual EPF contribution stands at ₹1.15 lakh. With an employer contribution of ₹35,232 and applicable interest, the year-end balance reaches ₹1.62 lakh. If we project a 6% annual salary increase, the employee's cumulative contribution by the age of 60 will hit ₹1.27 crore. When combined with ₹2.76 crore in interest, the final retirement corpus grows to ₹4.04 crore.
by shortkt.com✓