15X15X15 SIP Formula: How can you generate Rs 1 crore corpus in 15 years? See calculations
Rs 1 crore is a huge corpus and building it overnight is impractical. But what if we say, you can become a crorepati in just 15 years? Yes, you heard that right, by following a simple strategy you can generate over Rs 1 crore corpus in around 15 years. Let’s understand how.
You must have heard that age is just a number, here this number will play a crucial role in turning you into a millionaire. Regardless of your age, whether you are 20, 25, 30, or 35, this SIP strategy can help you build a sizeable corpus of Rs 1 crore. Let’s quickly understand how it is going to happen.
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(Disclaimer: Our calculations are projections and not investment advice. Do your due diligence or consult an expert for financial planning)
What is SIP?
A systematic investment plan (SIP) is an investment scheme that allows investors to invest a fixed amount regularly. You can start investing in SIP with a small amount of Rs 100.
What is compounding
The power of compounding plays an important role in growing your wealth in the long run. The key to benefiting from the power of compounding is early investment and staying consistent. It generates earnings not only on the principal amount but also on the accumulated growth during the investment period.
What is 15X15X15 SIP formula?
The three 15s in this strategy are key. The first 15 represents the investment amount you need to invest Rs 15,000 every month. The second 15 means investing consistently for 15 years. The third 15 stands for annualised return which is 15 per cent.
How does 15X15X15 SIP formula work?
You have to invest Rs 15,000 in a monthly systematic investment plan (SIP) for 15 years at 15 per cent annualised return.
Become a millionaire by 35 with the 15x15x15 formula
If you start investing Rs 15,000 every month from the age of 20, and by the time you are 35, you will have Rs 1 crore corpus. Even if you start at 25, you can still achieve your financial goals with the 15x15x15 formula by the time you turn 40.
Turn Rs 15,000 into Rs 1 Crore at early age
If you start a bit later which is at the age of 30, by the time you are 45, you can reach the target of Rs 1 crore corpus. Investing at the age of 35, using this formula, you can achieve this corpus target at the age of 50.
15X15X15 SIP calculation conditions
Monthly investment: Rs 15,000
Annualised return: 15 per cent
Let’s find your retirement corpus
15X15X15 SIP formula: What will be your total investment amount?
Using this formula, if you start a monthly SIP of Rs 15,000 and continue for 15 years, your estimated investment amount will be Rs 27,00,000.
15X15X15 SIP formula: What will be your capital gains?
Using this formula, if you start a monthly SIP of Rs 15,000 and continue for 15 years, your estimated capital gains will be Rs 74,52,946.
15X15X15 SIP formula: What will be your retirement corpus after 15 years?
Using this formula, if you start a monthly SIP of Rs 15,000 and continue for 15 years, your estimated retirement corpus will be Rs 1,01,52,946.