Dreaming of financial independence? Let's break down the real numbers and strategies to reach your ₹1 Crore goal and ensure a sustainable income.
Yes! ₹1 Crore in 15 years is an achievable goal. The magic lies in consistent SIPs into equity mutual funds, fueled by the power of compounding.
To reach ₹1 Cr in 15 years @ 13% annual returns, you'd need ~₹21,500/month. A Step-Up SIP (increasing annually) can accelerate your journey significantly!
Diversify with Flexi/Large-Cap funds. Inflation erodes value, so plan accordingly. Market volatility is your friend for SIPs – buy more units when prices dip!
Drawing 10% (₹83,333/month) from ₹1 Cr *unsustainably* depletes your principal. A safe withdrawal rate is usually 3-4% to make your corpus last.
Don't underestimate inflation, always step up your SIPs, and avoid chasing returns. Understand asset allocation & sustainable withdrawal rates for long-term success.
Ready to plan your ₹1 Cr goal or sustainable income? Use our free SIP, Step-Up, and Goal SIP calculators to map out your journey! Visit sipplancalculator.in