Need Rs 1 lakh urgently and thinking about dipping into your retirement savings? It might seem a quick fix at 30, but pulling out that Rs 1 lakh could end up costing you around Rs 30 lakh by the time you hit 60. Sure, the compounding can turn your small retirement contribution into a hefty sum over the years , but even a small withdrawal can really hurt its growth. This is why having an emergency fund for those urgent needs is so important.
But first find out how a Rs 1 lakh withdrawal at 30 may cost you around Rs 30 lakh at 60 years of age.
