Inflation calculator: What will be the value of ₹ 1 crore after 10, 20, 30 years? You will be shocked to know

Everyone wants to become a millionaire, due to which people invest in various savings schemes from the stock market. In today’s time, Rs 1 crore seems like a big deal. Especially regarding retirement, people think that every goal can be achieved with 1 crore like buying a house, raising funds for the child’s education, or meeting the expenses of the child’s marriage etc. But have you thought that if you retire after 10, 20 or 30 years, then what will be the value of 1 crore and will it be sufficient for your goal?

It is often seen that inflation reduces the value of money over time. What seems like a big amount today, does not remain that big later on. Its value is not sufficient even to meet the needs. In this news, we are telling that if you retire after 10, 20, 30 years and you are thinking of collecting 1 crore rupees, then how much will be the value of this one crore rupees at that time? How will inflation gradually reduce your savings?

How does inflation reduce savings?

Having Rs 1 crore in your bank account today seems like a big deal, but it may not be enough to meet your future financial requirements. This is because the value of money decreases over time due to inflation.

Example- If a car costs Rs 10 lakh today, it will cost a lot more after 15 years. To understand this better, think about how much you used to spend on groceries or rent 10 or 15 years ago, whereas it is much more now. This difference shows how inflation erodes the value of money. So, even though Rs 1 crore may seem like a lot now, it may not be enough to meet your needs in the future.

Value of Rs 1 crore after 10, 20 and 30 years?

If we assume a 6% inflation rate, then after 10 years the value of 1 crore rupees will decrease to 55.84 lakh rupees. If we talk further, after 20 years, keeping in mind 6% inflation, the value of 1 crore rupees will decrease to approximately 31.18 lakh rupees. Whereas after 30 years, the value of 1 crore rupees will be approximately 17.41 lakh rupees according to today’s rates.

On the other hand, if we assume that you get a return of 6% on this saving as compared to the inflation rate of 6%, then you will not actually get any benefit and the value of your Rs 1 crore will remain Rs 1 crore only.