Retirement Planning: To enjoy a stress-free and financially independent post-retirement life, it is important to plan and invest money strategically during the earning phase. This helps to accumulate a substantial corpus while managing the daily needs.
If you also want to invest money and are looking for an investment idea, then SIP can be beneficial for you. But the question is – What is SIP? Well, it is a method of investing in mutual funds where an investor contributes a fixed amount regularly. These regular investments are based on the financial capacity of that individual. Still confused? Let’s understand with example –
Let’s suppose you are investing Rs 15,000 monthly in SIP mutual fund. Now, how much time will it take to build a retirement corpus of Rs 3 crore, Rs 4 crore, and Rs 5 crore? In this write-up, we will calculate and find –
Rs 3 crore with 15,000/month SIP: How many years will it take?
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.)
