Dreaming of early retirement at 45 with ₹70,000 monthly income? Let's uncover the SIP strategy to make it your reality!
₹70,000 today won't buy as much in 15 years. With 6% inflation, you'll need ₹1.68 lakh/month by age 45 to maintain today's purchasing power. Plan smart!
To generate ₹1.68 lakh/month (inflation-adjusted) with a 0.5% monthly withdrawal, you need a corpus of ₹3.36 Crore. This is your ultimate goal!
To reach ₹3.36 Crore in 15 years (at 12% return), a flat SIP of ₹71,000/month is needed. This can feel daunting, but there's a smarter way!
Increase your SIP yearly as income rises. Start with ₹30,000/month & increase by 10% annually for 15 years to hit ₹3.36 Crore. Much more achievable!
Don't forget healthcare costs, lifestyle flexibility, post-retirement inflation, an emergency fund, and potential passive income streams. Review your plan yearly!
Use our easy SIP calculators to map your journey to financial freedom and achieve your early retirement dream!