Dream of a comfortable retirement? Let's decode how much SIP you need to reach that ₹60,000 monthly goal by age 55!
₹60,000 today equals ≈ ₹2.3 lakhs/month in 23 years (at 6% inflation)! You'll need a ₹6.9 Cr corpus to maintain purchasing power.
To build ₹6.9 Crores in 25 years at 12% return, you'd need to invest ₹45,000-₹50,000 monthly. Daunting, right?
With a 10% annual Step-Up SIP, your initial monthly investment drops to ₹15,000-₹18,000! Grow your SIP as your income grows.
For long-term goals, consider Flexi-Cap, Large & Mid-Cap, or Balanced Advantage funds. Diversify and review annually!
Don't underestimate inflation, start late, stop SIPs during dips, or chase 'hot' funds. Increase SIPs with income!
Calculate your personalized retirement SIP plan! Visit sipplancalculator.in to use our Goal SIP and Step-Up SIP calculators!