Retirement Planning: How can you generate Rs 5,00,00,000 corpus in long term with monthly investment of Rs 10,000
Rs 5 crore corpus is a massive amount, and generating it may seem like an impossible task with a mere investment. However, you must know that time, consistency, and disciplined investment are major factors in investing. If you value time, stay consistent, and practice a disciplined investment strategy, those days won't be far off when you will be able to create a massive amount of Rs 5 crore.
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It is better to plan ahead of time than to regret later. When we start earning, investing to secure our future often gets pushed back by other decisions in life, such as spending on luxurious items and fulfilling our lavish needs. However, before it gets too late, you must realise that preparing ahead of time is the best gift you could give to yourself. For example, planning for retirement, who doesn’t want to lead a comfortable life post-retirement? Thus, on that note, let’s find out how you can generate a Rs 5 crore corpus with just a Rs 10,000 monthly investment.
What is retirement planning?
Retirement planning is the method of saving and investing to ensure financial security after you stop working. It helps you maintain your lifestyle, cover expenses, and achieve financial independence in your later years without relying on others.
Why should you plan for retirement?
Retirement may seem far away, but planning early ensures financial freedom. A well-structured investment plan can help you enjoy a stress-free life without worrying about money.
Power of small investments
Many believe only big salaries create a huge corpus, but even Rs 10,000 a month can grow into a massive corpus with time and discipline.
Role of compounding
Your money earns returns, and those returns generate more returns. The longer you stay invested, the bigger your wealth grows.
Impact of staying invested
Market ups and downs are normal. Staying invested through all cycles ensures you don’t miss the long-term growth.
Common mistakes to avoid while investing in retirement planning
Avoid stopping investments early, withdrawing funds too soon, or chasing quick profits. Long-term patience is the secret.
Retirement planning calculation conditions
- Target corpus: Rs 5 crore
- Investment amount: Rs 10,000 monthly
- Annualised return: 12 per cent
How long it will take to build Rs 5 crore corpus with Rs 10,000 monthly SIP?
It will take approximately 35 years to build Rs 5 crore retirement corpus.
What will be your retirement corpus with Rs 10,000 monthly SIP in 10 years?
The investment amount during that period will be Rs 12,00,000, the estimated capital gains will be Rs 10,40,359, and the estimated retirement corpus will be Rs 22,40,359.
What will be your retirement corpus with Rs 10,000 monthly SIP in 20 years?
The investment amount will be Rs 24,00,000, the estimated capital gains will be Rs 67,98,574, and the estimated retirement corpus will be Rs 91,98,574.
What will be your retirement corpus with Rs 10,000 monthly SIP in 30 years?
The investment amount will be Rs 36,00,000, the estimated capital gains will be Rs 2,72,09,732, and the estimated retirement corpus will be Rs 3,08,09,732.
What will be your retirement corpus with Rs 10,000 monthly SIP in 35 years?
The investment amount during that period will be Rs 42,00,000, the estimated capital gains will be Rs 5,09,08,311, and the estimated retirement corpus will be Rs 5,51,08,311.
(Disclaimer: Our calculations are projections and not investment advice. Do your own due diligence or consult an expert for financial planning)
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