Saving Rp95,000 Monthly Can Grow to Rp1 Billion – How?

Yogyakarta, CNBC Indonesia – Young people only need to set aside around Rp95,000 per month from age 21 to accumulate Rp1 billion by age 55.

Financial freedom is a key aspiration for young people planning their futures early.

As an integrated bank, PT Bank Mandiri (Persero) Tbk (BMRI) offers various services claimed to help young people achieve this goal.

Vice President of Wealth Management at Bank Mandiri, Pratomo Setiaji Kendarto, said the first step to financial freedom is having clear financial goals from the start.

He added that once targets are set, young people should start investing as early as possible for their funds to grow over the long term.

‘If you want to have Rp1 billion in shares by age 55, you only need to save Rp95,000 monthly from age 21. That would grow at 14% in equity mutual funds to reach Rp1 billion,’ said Pratomo, often called Tomi, during the Educlass session at the Jogja Financial Festival 2026 in Yogyakarta on Saturday (23/5/2026).

He noted that starting later would require significantly higher monthly contributions, emphasising that the best time to begin investing is as early as possible.

Besides stocks and equity mutual funds, Pratomo said young people can opt for more conservative instruments such as fixed-income mutual funds investing in government bonds. These carry lower risk but lower potential returns compared to equity-based products.

He stressed that investment is a key to financial freedom, provided individuals align their instrument choices with their risk profile and financial goals. He added that young people today have ample options to start building financial freedom early.

Meanwhile, AVP of Retail Deposit Product & Solution Group at Bank Mandiri, Risdianto, said achieving financial freedom starts not only with investment but also with saving habits and sound financial management. This is crucial given young people’s increasing exposure to consumerist lifestyles and digital information overload.

He noted that while digitalisation offers convenience, it also brings challenges such as misinformation and pressure to fulfill non-essential needs. Hence, Bank Mandiri introduced Livin’ by Mandiri.

‘Livin’ by Mandiri is a one-stop solution, allowing customers to handle all their financial needs through the app from waking up to bedtime,’ Risdianto explained.

Features include account opening, daily transactions, cardless cash withdrawals, and a cashless withdrawal feature enabling ATM withdrawals via transaction codes without a debit card.

Additionally, the app provides direct investment access, from buying shares to mutual funds, enabling young people to not only save but also invest toward future financial freedom.