SIP 555 formula: Here's how you can build Rs 5 crore retirement corpus by 55 years of age
SIP 555 formula is based on starting investment at 25 and retiring at 55 with an over Rs 5 crore coprpus by using the step up SIP option. That too with a 11 per cent annualised return. It is possible through power of compounding and long-term investment. If one invests that corpus at 55 in a guaranteed return scheme, they may get pension of over Rs 2.50 lakh a month. Know how it is possible through calculations.
SIP investment with proper research can help one build a huge retirement corpus in the long run. Image: Freepik