Retirement Plan: How to invest at a target of Rs 51,52,825, Rs 1,09,46,422 and Rs 2,11,56,719, Rs 23,000 per month
Retirement Plan: For a financially independent post-retirement life, it is important to accumulate a large corpus while managing daily needs. If you also want to build a corpus for future needs and are looking for investment ideas, then SIP may be beneficial to you. In this article, we will take an example to see how your monthly investment in mutual funds can help you build a large corpus over the long term.
Suppose you invest Rs 23,000 per month in SIP mutual funds. Now, how much time will it take to build a retirement corpus of Rs 51,52,825, Rs 1,09,46,422 and Rs 2,11,56,719? We will calculate and find –
Rs 51,52,825, Rs 23,000 per month: How many years will it take?
The calculation shows that to build a retirement corpus of Rs 51,52,825 for Rs 23,000 per month you need to invest at least 10 years.
Rs 51,52,825, 23,000 times per month in 10 years: Calculate
- Total investment: Rs 27,60,000
- Estimated capital gains: Rs 23,92,825
- Overall corpus received: Rs 51,52,825
How many years will it take to build a retirement corpus of Rs 1,09,46,422, Rs 23,000 per month?
The calculation shows that you need to invest at least 15 years to build a retirement corpus of over Rs 1,09,46,422, 23,000 times a month.
Rs 1,09,46,422, 23,000 times per month in 15 years: Calculate
- Total investment: Rs 41,40,000
- Estimated capital gains: Rs 68,06,422
- Overall Received: Rs 1,09,46,422
How many years will it take to build a retirement corpus of Rs 23,000 per month?
To build a retirement corpus of Rs 2,11,56,719, Rs 23,000 per month, you need to invest at least 20 years.
Rs 2,11,56,719, Rs 23,000 per month for 20 years: Calculate
- Total investment: Rs 55,20,000
- Estimated capital gains: Rs 1,56,36,719
- Overall library: Rs 2,11,56,719
(Disclaimer: Our calculations are forecasts, not investment advice. Do due diligence or consult a specialist for financial planning.)
