Making ₹50,000/month in India? Retirement at 55 might seem like a dream. But it's closer than you think. Let's simplify your SIP journey.
Juggling expenses on ₹50K/month? Retiring at 55 feels distant. But with a smart plan, it's achievable. The younger you start, the better!
Don't guess! Envision your post-55 lifestyle. Factor in 6-7% inflation yearly. Aim for 25-30x your annual expenses as a target corpus.
Starting with ₹20K+ SIP from ₹50K income is tough. Begin comfortably (₹7-10K), but crucially, commit to 10-15% annual step-ups as income grows!
For 20-25 years, equity mutual funds are key. Allocate 60-70% to Flexi/Large & Mid Cap funds. Consider Mid/Small Cap for growth (20-30%) & ELSS for tax savings.
Don't fix your SIP amount for years. Avoid daily performance checks. Always factor in inflation. Don't fear equity. Set realistic financial goals!
Ready to map your retirement? Visit sipplancalculator.in to use our SIP step-up & goal calculators. Start planning your financial freedom today!