From Rs 10,000 Monthly SIP to Rs 8 cr Retirement Corpus: In how many years, you can achieve this goal? Understand it through calculations
From 10,000 SIP to Rs 8 cr Corpus: If one stays in an investment for a long time, achieving a seemingly large retirement corpus is not impossible. The best way to achieve it is to begin the investment journey early and stay firm on the investment path.
From 10,000 SIP to Rs 8 cr Corpus: A steady run that gathers momentum as the runner accelerates their speed can culminate in a giant world record leap. A giant tree that stands firm with tonnes of wood inside it was an unnoticeable seed in the beginning. Similarly, a seemingly large retirement corpus that can be the dream of many may have its start from a small monthly investment. If not small, at least with an amount that hardly appears to have the strength of turning into a giant corpus. But that's the beauty of starting to invest early and the power of compounding. A corpus that looks large can be achieved through a small monthly SIP investment. A Rs 10,000 monthly SIP investment can create a corpus as large as Rs 8 crore.
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Retirement corpus calculations
For our calculations, we will take the example of Rs 10,000 monthly investment. We will calculate returns at annualised growth of 12 per cent, 13 per cent, 14 per cent, and 15 per cent, respectively. In the second part, we will show by what age a 25-year-old can achieve the target of Rs 8 crore retirement corpus.
From Rs 10,000 monthly SIP to Rs 8 cr Corpus: Years to reach (at 12% return)
As per the SIP calculator, one can achieve this target in approximately 37 years.
From Rs 10,000 monthly SIP to Rs 8 cr Corpus: Years to reach (at 12% return)
Investment during that period will be Rs 44,40,000; estimated capital gains will be Rs 7,83,05,114, while the estimated retirement corpus will be Rs 8,27,45,114.
From Rs 10,000 monthly SIP to Rs 8 cr corpus: Years to reach (at 13% return)
One can meet the target in approximately 35 years.
From Rs 10,000 monthly SIP to Rs 8 cr corpus: Years to reach (at 13% return)
The invested amount during that period will be Rs 42,00,000, estimated capital gains will be Rs 8,10,31,840, and the estimated retirement corpus will be Rs 8,52,31,840.
From Rs 10,000 monthly SIP to Rs 8 cr corpus: Years to reach (at 14% return)
At that growth rate, the target can be achieved in approximately 33 years.
From Rs 10,000 monthly SIP to Rs 8 cr corpus: Years to reach (at 14% return)
The total investment in 33 years will be Rs 39,60,000, estimated capital gains will be Rs 8,08,60,297, and the estimated retirement corpus will be Rs 8,48,20,297.
From Rs 10,000 monthly SIP to Rs 8 cr corpus: Years to reach (at 15% return)
The target can be achieved in an estimated period of 31 years.
From Rs 10,000 monthly SIP to Rs 8 cr corpus: Years to reach (at 15% return)
Investment in 31 years will be Rs 37,20,000, estimated capital gains will be Rs 7,77,77,021, the estimated retirement corpus will be Rs 8,14,97,021.
Age to reach Rs 8 cr corpus for 25-year-old (at 12% return)
The 25-year-old can achieve the target by 62 years of age if they get 12 per cent annualised SIP return on their investment.
Age to reach Rs 8 cr corpus for 25-year-old (at 13% return)
At a 13 per cent annualised SIP growth rate, a 25-year-old can reach the target by 60.
Age to reach Rs 8 cr corpus for 25-year-old (at 14% return)
If the annualised SIP growth rate is 14 per cent, the 8 crore retirement corpus target can be reached by 58 years of age.
Age to reach Rs 8 cr corpus for 25-year-old (at 15% return)
A 25-year-old investor can achieve the Rs 8 crore target by 56 years of age if they get 15 per cent annualised return on their corpus investment.