Retirement Planning with SIP: A massive corpus of ₹1.5 crore to live a luxurious life after retirement is no longer a distant dream. With just a ₹4,500 monthly SIP and the magical power of compounding, you can make your second term financially secure. Let's learn the precise math behind this investment.
Retirement Planning with SIP: People often panic at the mere mention of retirement, but if planned correctly, it can be the most golden period of your life. Financial experts say that becoming a millionaire isn't rocket science; it's a matter of timing and making the right choices. The path to becoming a millionaire in the next 30 years lies directly within your pocket.
How much do you need to invest to earn ₹1.5 crore?
- Compounding is the biggest weapon in long-term investing. Let's understand the exact math:
| Parameter | Details |
|---|---|
| Monthly SIP | ₹4,300 – ₹4,500 |
| Investment Duration | 30 years |
| Expected Return | 12% (per annum) |
| Total Maturity Value | ₹1.58 crore (approx.) |
Delay means loss of lakhs
- The most valuable thing in investing isn't money, but time. Let's understand this with an example:
- By investing just ₹4,500 a month at the age of 25, you can have ₹1.5 crore.
- By the age of 35, if you're 10 years late, you'll need to save more than ₹15,000 per month to achieve the same goal.
- Use Step-up SIP to grow your wealth faster. As your salary increases, increase your SIP amount by 10% every year.
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