Retirement Planning: Planning for retirement is crucial for everyone as it gives financial freedom post-retirement. However, to accumulate a substantial corpus, planning and investing strategically are important. If you are looking for an investment idea, then SIP can be beneficial for you. It is a method of investing in mutual funds where an investor contributes a fixed amount regularly based on their financial capacity. The interval for investing money can be monthly, weekly, or annually.
In this write-up, we will calculate the time required to build a retirement corpus of Rs 3 crore, Rs 4 crore, and Rs 5 crore with a monthly SIP of Rs 15,000.
How many years will it take to build a retirement corpus of over Rs 3 crore with 15,000/month SIP?
To build a retirement corpus of Rs 3 crore with a 15,000 monthly SIP, you need to invest for at least 27 years, the calculation shows.
Rs 3 crore with 15,000 monthly SIP in 27 years: Calculations
- Total Investment: Rs 48,60,000
- Estimated Capital Gain: Rs 2,75,74,694
- Total Corpus Received: Rs 3,24,34,694
How many years will it take to build a retirement corpus of Rs 4 crore with 15,000/month SIP?
You need to invest for at least 29 years to build a retirement corpus of over Rs 4 crore with a 15,000 monthly SIP, the calculation shows.
Rs 4 crore with 15,000 monthly SIP in 29 years: Calculations
- Total Investment: Rs 52,20,000
- Estimated Capital Gain: Rs 3,58,72,054
- Total Corpus Received: Rs 4,10,92,054
How many years will it take to build a retirement corpus of Rs 5 crore with 15,000/month SIP?
To build a retirement corpus of over Rs 5 crore with a 15,000 monthly SIP, you need to invest for at least 31 years.
Rs 5 crore with 15,000 monthly SIP in 31 years: Calculations
- Total Investment: Rs 55,80,000
- Estimated Capital Gain: Rs 4,63,71,847
- Total Corpus Received: Rs 5,19,51,847
(Disclaimer: Our calculations are projections and not investment advice. Do your own due diligence or consult an expert for financial planning.)
