Aiming for ₹1 Lakh/month expenses at 60? Let's break down the numbers to make your golden years truly comfortable!
₹1 Lakh today is NOT ₹1 Lakh at 60! At 5% inflation, your ₹1 Lakh/month will need to be ₹4.32 Lakh/month in 30 years to keep pace. Don't underestimate it!
Based on ₹4.32 Lakh/month expenses & the 25x rule, you'll need a target corpus of ₹12.96 Crore. Sounds big? Don't worry, compounding is magic!
To reach ₹12.96 Cr in 30 years at 12% returns, a flat SIP would be around ₹75,000/month. This might feel like a stretch for many.
Instead, use a Step-Up SIP! Increase by 8% annually, and your starting SIP drops to just ₹25,000/month for the same goal. Much more manageable!
For long-term goals like retirement, focus on equity mutual funds. Flexi-Cap, Large-Cap, or Multi-Cap funds offer diversification & growth potential.
Ready to map out your dream retirement? Use our FREE SIP calculators to personalize your journey and achieve financial freedom. Visit sipplancalculator.in now!