Ever dream of retiring by 55 with ₹75,000/month, free from EMIs and office politics? It's a common aspiration, but how much SIP do you really need?
That ₹75,000/month today won't be enough in 25 years! With 6% inflation, you'll need ~₹3.21 Lakh/month to have the same purchasing power at 55.
To generate ₹3.21 Lakh/month after retirement (assuming 6% annual withdrawal), you'll need a total corpus of approximately ₹6.42 Crores. That's your target!
A fixed SIP for ₹6.42 Cr can be ₹59,000/month for a 30-year-old! A 10% annual 'step-up' SIP helps you start lower (e.g., ₹15,000) and still reach ₹6.5 Cr.
Start early, leverage SIP step-ups with salary increments, and diversify wisely (more equity when young, gradually shift to debt). Consistency is key!
Ignoring inflation, starting late, panic selling during dips, chasing 'hot' funds, and skipping annual reviews are common mistakes. Stay disciplined!
Don't just dream about it! Use our Goal SIP Calculator to crunch YOUR numbers and start your journey to a relaxed retirement. Visit sipplancalculator.in now!