Retirement Planning via SIP: If you want to build a substantial corpus for your post-retirement life, then you need to start investing early and wisely. This is because starting early will give you ample time to build the corpus, while wise investments can help you choose the best options for your financial goals. For your goal, you can opt for SIP. 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.
SIP: Key Features
- Market-linked investment option
- Generally offers a 12% annual return (average).
- Power of compounding
- Rupee cost averaging
- Risk tolerance
How much time will it take to build Rs 5.18 crore, Rs 6.54 crore, and Rs 7.34 crore retirement corpus?
In this write-up, we will calculate the time required to build a retirement corpus of Rs 5.18 crore, Rs 6.54 crore, and Rs 7.34 crore with a monthly SIP of Rs 13,333.
How many years will it take to build a retirement corpus of Rs 5.18 crore with a 13,333 monthly SIP?
According to the calculation, you need to invest for at least 32 years to build a retirement corpus of Rs 5.18 crore with a 13,333 monthly SIP.
Rs 5.18 crore with 13,333 monthly SIP in 32 years: Calculations
- Total Investment: Rs 51,19,872
- Estimated Capital Gain: Rs 4,67,70,001
- Total Corpus Received: Rs 5,18,89,873
How many years will it take to build a retirement corpus of Rs 6.54 crore with 13,333 monthly SIP?
You need to invest for at least 34 years to build a retirement corpus of Rs 6.54 crore with a 13,333 monthly SIP, the calculation shows.
Rs 6.54 crore with 13,333 monthly SIP in 34 years: Calculations
- Total Investment: Rs 54,39,864
- Estimated Capital Gain: Rs 6,00,11,650
- Total Corpus Received: Rs 6,54,51,514
How many years will it take to build a retirement corpus of Rs 7.34 crore with 13,333 monthly SIP?
To build a retirement corpus of Rs 7.34 crore with a 13,333 monthly SIP, you need to invest for at least 35 years.
Rs 7.34 crore with 13,333 monthly SIP in 35 years: Calculations
- Total Investment: Rs 55,99,860
- Estimated Capital Gain: Rs 6,78,76,051
- Total Corpus Received: Rs 7,34,75,911
(Disclaimer: Our calculations are projections and not investment advice. Do your own due diligence or consult an expert for financial planning)
