Dreaming of an early retirement with ₹75,000 monthly? This guide shows you how to plan your SIP to make that dream a reality, overcoming inflation and building a robust corpus.
Many professionals, like Rahul, eye retirement at 55 with ₹75,000 current monthly expenses. But that number won't buy the same lifestyle in 20 years.
With 6% annual inflation, today's ₹75,000/month becomes ~₹2.40 lakh/month in 20 years! Your real target is nearly triple your current living costs.
To fund ₹2.40 lakh/month expenses, you'll need a corpus of ~₹3.6 Crores. A fixed ₹36,000 monthly SIP (at 12% returns) for 20 years can achieve this.
Don't stick to a fixed SIP! Increase your SIP amount annually (e.g., 10%) matching salary hikes. A Step-Up SIP builds a larger corpus much faster.
For 15+ years, equity mutual funds are ideal: consider Flexi-Cap, Large-Cap, or Balanced Advantage Funds. Diversify wisely & consult an advisor for personalised advice.
Ready to achieve your retirement dreams? Visit sipplancalculator.in to use our SIP and Step-Up SIP calculators and start planning your future now!