Below is the table of 20 years of investment with the interest rate is considered constant 10% every year.
My previous post, I’ve stated that my goal is only 12 years of investment. But now I think 20 years is a good measurement for a long-term goal and I believe it is the best for me for not to take out that money before it hits 20. With an increment of RM 1200 deposit every year, I can get over RM80,000 when I’m 43 year-old.
What do you need to get RM80k in 20 years?
I need a steady saving of RM100 every month without a miss to get RM1200 in a year. It also needs discipline and strict budget. It’s not easy to wait for 20 years of investment; it requires patience in my heart to get over my greed to fulfil my goal.
Will the interest rate goes 10% every year?
No. It is only the drawings of 20 years of my investment with 10% steady interest rate. We should be well informed that the interest rate will go up and down throughout the years. Let’s hope it will give us the average of 10% every year.
PCIF is the favourable mutual fund in Malaysia. See why I chose PCIF as my first investment.