Dreaming of a comfortable retirement? Let's break down how to hit your ₹1.5 Crore goal by age 55 with smart SIP planning. Your future self will thank you!
Time is your greatest asset! Starting early means investing less monthly. Priya (30) needs ₹11K/month, while Vikram (40) needs ₹33K for the same goal. Don't delay!
₹1.5 Cr today won't be the same in 25 years! Factor in 5-7% inflation. Aim for realistic 10-12% average returns for a robust plan. Your purchasing power matters!
Your salary isn't static, so why should your SIP be? Increase your SIP by 5-10% annually. It drastically reduces your initial burden and leverages compounding effectively.
Don't put all eggs in one basket! Consider Flexi-Cap, Large & Mid-Cap, or Index Funds. As you near 55, gradually shift to more stable assets to protect your corpus.
Underestimating inflation, starting late, and not stepping up SIPs are common pitfalls. Stay calm during market volatility and consider professional advice for a tailored plan.
Ready to map out your retirement? Use a goal-based SIP calculator to get personalized estimates and start your journey towards financial freedom today! Visit sipplancalculator.in