Dreaming of a stress-free retirement? Let's break down how to achieve a comfortable monthly income, adjusting for future inflation!
₹50,000 today won't buy the same lifestyle 25 years from now. With 6% inflation, you'll need ~₹2.15 Lakhs/month to match its purchasing power. Don't underestimate its silent power!
To receive ₹2.15 Lakhs/month (inflation-adjusted) for 25+ years, you need a corpus of ~₹6.45 Crores. We used the 4% Safe Withdrawal Rate for this calculation. It's achievable!
To hit ₹6.45 Crores in 25 years (assuming 12% returns): Start at 28? ~₹38K/month. Start at 40 (15 years)? ~₹1.6 Lakhs/month! Time is your biggest asset for compounding.
Intimidated by big SIPs? A Step-Up SIP lets you start smaller, increasing your contribution by 10-15% annually as your income grows. E.g., start at ₹18K instead of ₹38K!
Ignoring inflation, starting late, not using Step-Up SIPs, and panic selling during market dips are common pitfalls. Review annually and stay disciplined for a secure future.
Your dream retirement is within reach! Use our goal-based and step-up SIP calculators at sipplancalculator.in to personalize your plan and take the first step towards financial freedom.