Retirement Planning: How to aim for Rs 51,52,825, Rs 1,09,46,422, and Rs 2,11,56,719 corpus with Rs 23,000 per month investment

Retirement Planning: For a financially impartial post-retirement life, it will be important to accumulate a considerable corpus whereas managing every day wants. In the event you additionally need to construct a corpus for future wants and are trying for an investment thought, then a SIP might be useful for you. On this write-up, we are going to perceive with examples how your month-to-month investment in a mutual fund SIP helps you construct a considerable corpus in the long run.  

Let’s suppose you’re investing Rs 23,000 month-to-month in a SIP mutual fund. Now, to construct a retirement corpus of Rs 51,52,825, Rs 1,09,46,422, and Rs 2,11,56,719, how a lot time will it take? We are going to calculate and discover –

Rs 51,52,825 with 23,000/month SIP: How a few years will it take?

To construct a retirement corpus of Rs 51,52,825 with a 23,000 month-to-month SIP, you want to make investments for no less than 10 years, the calculation reveals.

Rs 51,52,825 with 23,000 month-to-month SIP in 10 years: Calculations

• Complete Investment: Rs 27,60,000
• Estimated Capital Achieve: Rs 23,92,825
• Complete Corpus Acquired: Rs 51,52,825

How a few years will it take to construct a retirement corpus of Rs 1,09,46,422 with Rs 23,000/month SIP?

You want to make investments for no less than 15 years to construct a retirement corpus of over Rs 1,09,46,422 with a 23,000 month-to-month SIP, the calculation reveals.

Rs 1,09,46,422 with 23,000 month-to-month SIP in 15 years: Calculations

• Complete Investment: Rs 41,40,000
• Estimated Capital Achieve: Rs 68,06,422
• Complete Corpus Acquired: Rs 1,09,46,422

How a few years will it take to construct a retirement corpus of Rs 2,11,56,719 with Rs 23,000/month SIP?

To construct a retirement corpus of over Rs 2,11,56,719 with a Rs 23,000 month-to-month SIP, you want to make investments for no less than 20 years.

Rs 2,11,56,719 with Rs 23,000 month-to-month SIP in 20 years: Calculations

• Complete Investment: Rs 55,20,000
• Estimated Capital Achieve: Rs 1,56,36,719
• Complete Corpus Acquired: Rs 2,11,56,719

(Disclaimer: Our calculations are projections and not investment recommendation. Do your personal due diligence or seek the advice of an knowledgeable for monetary planning.)