Retirement Planning via Rs 20,000 monthly SIP: Can you guess how many years it takes to build Rs 1 crore, Rs 3 crore, Rs 5 crore corpus?
Retirement Planning via SIP: Anyone can build a substantial corpus for their retirement if they start investing early and wisely. In this write-up, we will calculate the time period required to build a retirement corpus of Rs 1 crore, Rs 3 crore, and Rs 5 crore with a monthly SIP of Rs 20,000.
Retirement Planning via SIP: Anyone can build a substantial corpus for their retirement if they start investing early and wisely. Starting early will give you ample time to build the corpus while wisely investments can help you choose the best options for your financial goals. If you are looking for a consistent and disciplined investment strategy, then an SIP in mutual funds can be helpful.
(Disclaimer: Our calculations are projections and not investment advice. Do your due diligence or consult an expert for financial planning)
SIP or Systematic Investment Plan is a method of investing in mutual funds where an investor contributes a fixed amount regularly based on their financial capacity.
Flexibility in SIP
The interval for investing money can be monthly, weekly, or annually.
SIP: Key Features
- Market-linked investment option
- Generally offers 12% annual return (average)
- Power of compounding
- Rupee cost averaging
- Risk tolerance
How much time will it take to build Rs 1 crore, Rs 3 crore, and Rs 5 crore retirement corpus?
In this write-up, we will calculate the time period required to build a retirement corpus of Rs 1 crore, Rs 3 crore, and Rs 5 crore with a monthly SIP of Rs 20,000.
Also Read: FD Rates For Rs 7 Lakh Investment: Compare SBI, PNB, HDFC Bank, ICICI Bank, and Post Office 3-year fixed deposit returns
How many years will it take to build a retirement corpus of Rs 1 crore with 20,000 monthly SIP?
According to the calculation, you need to invest for at least 16 years to build a retirement corpus of Rs 1 crore with 20,000 monthly SIP.
Rs 1 crore with 20,000 monthly SIP in 16 years: Calculations
Total Investment: Rs 38,40,000
Estimated Capital Gain: Rs 70,76,193
Total Corpus Received: Rs 1,09,16,193
How many years will it take to build a retirement corpus of Rs 3 crore with 20,000 monthly SIP?
You need to invest for at least 21 years to build a retirement corpus of Rs 3 crore with 20,000 monthly SIP, the calculation shows.
Rs 3 crore with 20,000 monthly SIP in 21 years: Calculations
Total Investment: Rs 50,40,000
Estimated Capital Gain: Rs 1,58,20,135
Total Corpus Received: Rs 2,08,60,135
Also Read: SIP vs PPF for Rs 1,35,000/year investment: Which can create higher corpus in 15 years?
How many years will it take to build a retirement corpus of Rs 5 crore with 20,000 monthly SIP?
To build a retirement corpus of Rs 5 crore with 20,000 monthly SIP, you need to invest at least 24 years.
Rs 5 crore with 20,000 monthly SIP in 24 years: Calculations
Total Investment: Rs 57,60,000
Estimated Capital Gain: Rs 2,44,08,573
Total Corpus Received: Rs 3,01,68,573