From 19,000 Monthly SIP to Rs 13 cr Retirement Corpus: How many years will it take to reach this target; by what age can one achieve this goal
From 19,000 Monthly SIP to Rs 13 cr Retirement Corpus: People who want to create a corpus that can easily take care of their post-retirement expenses should start investing early. Even if they start with a small monthly investment, they can meet their retirement corpus goal in the long run. Being consistent and having a long-term investment horizon are necessary for successful retirement planning.
From 19,000 Monthly SIP to Rs 13 cr Retirement Corpus: How much money do you need for your retirement? Do you need a large corpus or a small one? There is nothing called a small or large corpus. The simple mathematics of a retirement corpus is that it should complete your financial goals at retirement. At the same time, keeping the inflation rate in mind, it should suffice for the rest of your life. But here, you are creating a corpus for a time when you may not have any other income source. It can be 10 years, 20, 30, or more than that. So, everyone should calculate these expenses and start their investment journey based on that. People who will start their investment journey earlier will most likely have an edge over a late beginner because they will have extra years for compound growth of their investments. In this write-up, we will tell you how many years it will take to create a Rs 13 crore retirement corpus from a monthly SIP investment of Rs 19,000 if the rates of annualised return are 12 per cent, 13 per cent, 14 per cent, and 15 per cent, respectively. Also know by what age an investor can achieve this financial goal if they begin their journey at 25 years of age.
Photos: Unsplash/Pixabay
(Disclaimer: This is not investment advice. Do your own due diligence or consult an expert for retirement planning.)
From Rs 19,000 monthly SIP to Rs 13 crore corpus: Years to take at 12% return
It will take estimated 37 years to achieve the Rs 13 crore retirement corpus target.
From Rs 19,000 monthly SIP to Rs 13 crore corpus: Years to take at 12% return
The investment during that period will be Rs 84,36,000, estimated capital gains will be Rs 12,34,21,179, and estimated amount will be Rs 13,18,57179.
From Rs 19,000 monthly SIP to Rs 13 crore corpus: Years to take at 13% return
At 13 per cent annualised returns, it will take 35 years to achieve the Rs 13 crore corpus target.
From Rs 19,000 monthly SIP to Rs 13 crore corpus: Years to take at 13% return
The invested amount during that period will be Rs 79,80,000, estimated capital gains will be Rs 12,52,76,344, and the estimated total amount will be Rs 13,32,56,344.
From Rs 19,000 monthly SIP to Rs 13 crore corpus: Years to take at 14% return
If one gets 14 per cent annualised returns, they can achieve the Rs 13 crore retirement corpus target in 33 years.
From Rs 19,000 monthly SIP to Rs 13 crore corpus: Years to take at 14% return
Their investment during that time frame will be Rs 75,24,000, estimated capital gains will be Rs 12,27,94,776, and the estimated amount will be Rs 13,03,18,776.
From Rs 19,000 monthly SIP to Rs 13 crore corpus: Years to take at 15% return
It will take a little over 31 years to reach the Rs 13 crore retirement corpus from the Rs 19,000 monthly SIP.
From Rs 19,000 monthly SIP to Rs 13 crore corpus: Years to take at 15% return
The investment during that period will be Rs 72,96,000, estimated capital gains will be Rs 13,47,45,490, and the estimated retirement corpus will be Rs 14,20,41,490.
Years to reach Rs 13 cr retirement corpus at 12% growth
A 25-year-old can achieve the target by 62 if their annualised growth is 12 per cent.
Years to reach Rs 13 cr retirement corpus at 13% growth
The target can be met by 60 years of age.
Years to reach Rs 13 cr retirement corpus at 14% growth
At that growth rate, the Rs 13 crore corpus milestone can be achieved by 58 years of age.
Years to reach Rs 13 cr retirement corpus at 15% growth
A 25-year old can reach that target by 56 years if their growth rate is 15 per cent.