Dreaming of early retirement with comfortable passive income? Let's break down how much SIP you'll need to hit that ₹75,000/month goal in India!
₹75,000 today won't feel like ₹75,000 at 55! Inflation significantly erodes buying power. You need to plan for your *real* future income, adjusted for rising costs.
A 30-year-old needing ₹75K/month today will need ~₹3.2 Lakhs/month by 55 (assuming 6% inflation)! This is your *actual* monthly income goal.
To generate ₹3.2 Lakhs/month, you'll need a large retirement corpus. Using the 4% withdrawal rule, this could mean aiming for ~₹9.65 Crores! Don't panic, it's achievable.
A constant SIP won't be enough. The secret? A Step-Up SIP! Start small, then increase your SIP by 10-15% annually, aligning with your salary hikes, to reach your corpus faster.
Don't underestimate inflation, skip annual SIP step-ups, be too conservative with equity early on, or try to time the market. Consistency and reviews are key!
Ready to turn your retirement dream into a plan? Head over to sipplancalculator.in to use our Goal SIP & Step-Up SIP calculators and start your journey!