From Rs 11,000 Monthly SIP to Rs 7 Crore Retirement Corpus: In how many years and by what age, this milestone can be achieved? Know here
From Rs 11,000 Monthly SIP to Rs 7 Crore Retirement Corpus: The race to a large corpus can start with a small monthly investment. The condition is to start early in career. The investor can keep the monthly amount the same throughout the investment duration, or if they want, they can step it up as their income increases.
From Rs 11,000 Monthly SIP to Rs 7 Crore Retirement Corpus: A journey of hundreds of kilometres begins with a small step. Once someone embarks on such a journey, it can be full of trials and tribulations. But the main thing is to take an initiative, start a journey, and continue it till its culmination despite facing difficulties along the way. Secondly, the earlier you start, the sooner you are likely to finish the journey. The same is true of the journey of an investment. When you begin it, you may find it hard to manage your expenses. During the journey, you may lose your job and find it tough to continue, but the important thing is to stay consistent till the journey ends in the form of achieving the retirement goal. The earlier you start, the sooner you can end it, and the easier it is likely to appear to you. See how a Rs 11,000 monthly SIP investment can help you reach a Rs 7 crore retirement corpus goal. Know how many years it may take if your annualised returns are 12 per cent, 13 per cent, 14 per cent, or 15 per cent; and if someone starts it at 25 years of age, by what age they can reach the Rs 7 crore corpus target.
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(Disclaimer: This is not investment advice. Do your own due diligence or consult an expert for financial planning.)
From Rs 11,000 to Rs 7 cr Retirement Corpus: Years to achieve financial goal at 12% return
One can achieve that goal in approximately 35 years.
From Rs 11,000 to Rs 7 cr Retirement Corpus: Years to achieve financial goal at 12% return
In 35 years, the investment will be Rs 46,20,000, estimated capital gains will be Rs 6,68,27,960, and the estimated retirement corpus will be Rs 7,14,47,960.
From Rs 11,000 to Rs 7 cr Retirement Corpus: Years to achieve financial goal at 13% return
At that rate of growth, one can reach the milestone in approximately 33 years.
From Rs 11,000 to Rs 7 cr Retirement Corpus: Years to achieve financial goal at 13% return
In 33 years, the investment will be Rs 43,56,000, estimated capital gains will be Rs 6,78,01,228, and the estimated retirement corpus will be Rs 7,21,57,228.
From Rs 11,000 to Rs 7 cr Retirement Corpus: Years to achieve financial goal at 14% return
At 14 per cent annualised return, one can achieve the goal in approximately 31 years.
From Rs 11,000 to Rs 7 cr Retirement Corpus: Years to achieve financial goal at 14% return
In 31 years, the investment will be Rs 40,92,000, estimated capital gains will be Rs 6,63,06,984, and the estimated retirement corpus will be Rs 7,03,98,984.
From Rs 11,000 to Rs 7 cr Retirement Corpus: Years to achieve financial goal at 15% return
If one gets 15 per cent annualised return, they can achieve the goal in approximately 30 years.
From Rs 11,000 to Rs 7 cr Retirement Corpus: Years to achieve financial goal at 15% return
In 30 years, the investment will be Rs 39,60,000, estimated capital gains will be Rs 7,31,48,027, and the estimated retirement corpus will be Rs 7,71,08,027.
By what age one will reach Rs 7 cr retirement corpus: At 12% return
At 12 per cent annualised return, a 25-year-old can reach the Rs 7 crore retirement corpus by the age of 60 years.
By what age one will reach Rs 7 cr retirement corpus: At 13% return
At 13 per cent annualised return, a 25-year-old can achieve the Rs 7 crore retirement goal by 58 years of age.
By what age one will reach Rs 7 cr retirement corpus: At 14% return
At 14 per cent annualised return, a 25-year-old can reach the Rs 7 crore retirement corpus by the age of 56 years.
By what age one will reach Rs 7 cr retirement corpus: At 15% return
At 15 per cent annualised return, a 25-year-old can accomplish the Rs 7 crore retirement corpus goal by 55 years of age.