Pensionbazaar's Goel: 'Cost of delay' shrinks retirement corpus

• Vishwajeet Goel of Pensionbazaar highlights "cost of delay" as the most underestimated factor in retirement planning, emphasizing the importance of time.
• Starting investments early significantly boosts retirement corpus; e.g., ₹5,000/month at 30 yields ₹1.5 crore, but at 40 yields only ₹45-50 lakh.
• The "cost of delay" stems from losing out on both contributions and the compounding those contributions would generate over decades.
• Indian households often defer retirement planning in their 30s due to lifestyle upgrades, home purchases, and family responsibilities.
• Pensionbazaar advises different investment strategies based on life stage, from growth in 20s-30s to income stability in 50s-60s.

Why It Matters: Delaying retirement investments drastically shrinks your future financial security.