Imagine hitting 50, financially free, with ₹70,000 monthly income. A dream for many, especially in big cities! But is it truly possible with SIPs? Let's explore.
Imagine financial freedom at 50 with ₹70,000/month. Sounds amazing! But ₹70,000 today won't buy what it will in 20 years. Inflation is key!
Don't just plug numbers! Factor inflation: ₹70K in 20 yrs is ~₹2L today. Use the 4% rule: ₹2L/month = ₹24L/year, needing a ₹6 Cr corpus. Then, SIP back-calculate!
Your salary grows, so should your SIP! A 10% annual step-up dramatically reduces initial investment and helps hit goals faster. It aligns with appraisals & leverages compounding.
Financial planning isn't just numbers. Life events occur! Non-negotiable: 6-12 months emergency fund. Understand your risk appetite to avoid market panic. Stay invested!
1. Underestimate inflation. 2. Start too late (compounding needs time!). 3. Don't step-up SIPs. 4. No emergency fund. Review annually & don't chase blind returns!
Ready to make your retirement dream a reality? Use our smart SIP calculators to plan your inflation-adjusted corpus & step-up investments. Visit sipplancalculator.in today!