Dreaming of financial independence by 45 in India? It's ambitious, achievable, and starts with smart SIP planning. Let's break it down!
It's having enough passive income to cover all living expenses. For India, aim for a 3.5% withdrawal rate. Your investments work, you live freely!
Rahul (30) aims for FI by 45. Future monthly expenses (~₹2.87L) mean ~₹34.44L/year. With 3.5% rule, target corpus is ~₹9.84 Crore. A big goal!
Fixed SIPs aren't enough. Start small (e.g., ₹15k/month) & increase by 10% annually. Priya, with this strategy, hit ₹9.4 Cr by 45! Start early, step up aggressively.
Long-term FI means equities. 60-70% Large/Flexi-cap for stability. 20-30% Mid-cap for growth. 5-10% Balanced Advantage for diversification. Diversify wisely!
1. Underestimating inflation. 2. Ignoring step-up. 3. Panic selling in corrections. 4. Chasing 'hot' funds. 5. Skipping annual reviews. Stay disciplined!
Achieve financial independence by 45! Use our SIP Step-Up & Goal SIP Calculators to map your personal path today. Visit sipplancalculator.in