Dream of a carefree retirement? We break down the SIP you need for a comfortable ₹1 Lakh/month income at 55. Let's plan your golden years!
₹1 Lakh today isn't ₹1 Lakh tomorrow. Factoring 6% inflation, your future ₹1 Lakh monthly income needs to be ₹4.3 Lakh to have the same buying power.
To generate ₹1 Lakh/month (inflation-adjusted), you'll need a large corpus. With a 3-4% withdrawal rule, aim for ₹3 Crore to ₹4 Crore by age 55.
Time is money! For a ₹3.5 Cr corpus at 12% returns: Starting at 30 means ~₹28,000/month SIP. At 40, it jumps to ~₹95,000/month! Don't delay.
For long-term goals, equity mutual funds are key. Consider Flexi-cap, Large-cap/Index funds, or ELSS. Diversify and align with your risk profile.
Don't let your SIP stay fixed! Increase it annually by a percentage (Step-Up SIP). It drastically reduces initial burden & builds a larger corpus faster.
Ready to build your retirement dream? Use our Goal-Based & Step-Up SIP Calculators at sipplancalculator.in to personalize your journey!