Retirement planning: For an independent financial life after retirement, it is important to accumulate a substantial corpus while managing daily needs. If you also want to build a corpus for future needs and are looking for an investment idea, then a SIP can be beneficial for you. In this article, we will understand examples of how its months of investment in a mutual background sip helps him build a long -term substantial corpus.
We knew, it is investing RS 23,000 monthly in a mutual fund SIP. Now, to build a retirement corpus or RS 51.52,825, RS 1.09.46,422 and RS 2,11,56,719, how long will it take? We will calculate and find –
RS 51.52,825 with 23000/month SIP: How old will it take?
To build a retirement corpus or RS 51.52,825 with a 23,000 -month SIP, you must invest for 10 years, according to the calculation.
RS 51.52,825 with 23000 SIP monthly in 10 years: calculations
- Total investment: RS 27,60,000
- Estimated capital gain: RS 23.92,825
- Total Corpus received: RS 51.52,825
How many years will be needed to build a retirement corpus or RS 1.09.46.422 with RS 23,000/month SIP?
You must invest for at least 15 years to build a retirement corpus or around RS 1.09.46,422 with a 23,000 -month SIP, according to the calculation.
RS 1,09,46,422 with 23,000 SIP monthly in 15 years: calculations
- Total investment: RS 41,40,000
- Estimated capital gain: RS 68.06.422
- Total corpus received: RS 1.09.46,422
How many years will be needed to build a retirement corpus or RS 2.11.56,719 with RS 23,000/month SIP?
To build a retirement corpus or around RS 2.11.56,719 with a SIP of RS 23,000 months, you must invest for 20 years.
RS 2.11,56,719 with RS 23,000 SIP monthly in 20 years: calculations
- Total investment: RS 55,20000
- Estimated capital gain: RS 1.56.36.719
- Total Corpus received: RS 2,11,56,719
(Discharge of responsibility: Our calcals are projections and non -advice of investment. Make your own due diligence or consult an expert for financial planning).
