Dreaming of early retirement at 50, sipping chai in Ooty instead of traffic? It's a fantastic goal! But can you really do it on a ₹75,000 monthly income? Let's find out.
Calculate your inflation-adjusted expenses! ₹45k today becomes ₹1.07 lakh/month in 15 years. Aim for a ₹3.5 Cr corpus to last till 90 using the 4% rule.
To reach ₹3.5 Cr in 15 yrs (11% return), you'd need ₹80,000/month SIP. On a ₹75,000 income, that's impossible. Don't worry, there's a smarter way!
Your income grows, so should your SIP! Starting ₹40k/month with a 10% annual step-up for 15 years yields ~₹1.71 Cr (11% return). Still not ₹3.5 Cr!
For ₹75k income, ₹3.5 Cr in 15 years is tough. You need higher income, aggressive step-ups (15%+), or extend your goal. Retiring at 55 could get you ~₹3.04 Cr!
Invest in Equity MFs: Flexi-Cap (50-60%), Index (20-30%), Mid-Cap (10-20%). Avoid ignoring inflation, skipping step-ups, chasing returns, or neglecting emergency funds. Review annually!
Your early retirement dream is within reach with smart planning and consistency. Calculate your own numbers and take the first step! Visit sipplancalculator.in for goal SIP calculators.