Retirement Planning: How to aim for Rs 51,52,825, Rs 1,09,46,422, and Rs 2,11,56,719 corpus with Rs 23,000 per month investment
Retirement Planning: For a financially independent post-retirement life, it is important to accumulate a substantial corpus while managing daily needs. In this write-up, we will understand with examples how your monthly investment in a mutual fund SIP helps you build a substantial corpus in the long term.
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05:16 PM IST
Retirement Planning: For a financially independent post-retirement life, it is important to accumulate a substantial corpus while managing daily needs. If you also want to build a corpus for future needs and are looking for an investment idea, then a SIP can be beneficial for you. In this write-up, we will understand with examples how your monthly investment in a mutual fund SIP helps you build a substantial corpus in the long term.
Let's suppose you are investing Rs 23,000 monthly in a SIP mutual fund. Now, to build a retirement corpus of Rs 51,52,825, Rs 1,09,46,422, and Rs 2,11,56,719, how much time will it take? We will calculate and find -
Rs 51,52,825 with 23,000/month SIP: How many years will it take?
To build a retirement corpus of Rs 51,52,825 with a 23,000 monthly SIP, you need to invest for at least 10 years, the calculation shows.
Rs 51,52,825 with 23,000 monthly SIP in 10 years: Calculations
- Total Investment: Rs 27,60,000
- Estimated Capital Gain: Rs 23,92,825
- Total Corpus Received: Rs 51,52,825
Also Read: Power of Rs 17,000/monthly SIP: How much wealth can you build in 25 years? See calculations
How many years will it take to build a retirement corpus of Rs 1,09,46,422 with Rs 23,000/month SIP?
You need to invest for at least 15 years to build a retirement corpus of over Rs 1,09,46,422 with a 23,000 monthly SIP, the calculation shows.
Rs 1,09,46,422 with 23,000 monthly SIP in 15 years: Calculations
- Total Investment: Rs 41,40,000
- Estimated Capital Gain: Rs 68,06,422
- Total Corpus Received: Rs 1,09,46,422
How many years will it take to build a retirement corpus of Rs 2,11,56,719 with Rs 23,000/month SIP?
To build a retirement corpus of over Rs 2,11,56,719 with a Rs 23,000 monthly SIP, you need to invest for at least 20 years.
Rs 2,11,56,719 with Rs 23,000 monthly SIP in 20 years: Calculations
- Total Investment: Rs 55,20,000
- Estimated Capital Gain: Rs 1,56,36,719
- Total Corpus Received: Rs 2,11,56,719
(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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