From Rs 17,000 monthly SIP to Rs 11 cr Retirement Corpus: In how many years one can achieve this milestone; know it here
From Rs 17,000 monthly SIP to Rs 11 cr Retirement Corpus: Building a retirement corpus that can fulfil your retirement requirements is a slow and steady process. Those who start investing early are likely to have an edge as they will get more years for compounding compared to someone who start their investment journey late.
From Rs 17,000 monthly SIP to Rs 11 cr Retirement Corpus: How one can assess their retirement corpus. They should calculate the amount they need for their liabilities, such as home loan or personal loan, at retirement age. They should look for one-time expenses that they need to bear at that stage, and then they should calculate the monthly income they need to live their rest of life. Since one doesn't know how long they can live, the corpus should be invested in a way that its growth is higher than the withdrawal rate so that it can continue forever. Plus, all these assessments should be done with 6 per cent inflation in mind. There is a likelihood that they need substantial money for their retirement. But how to arrange that fund with limited savings is a crucial question. The journey of a retirement corpus should be started early. If savings are small, but one invests them continuously for decades, even a small monthly investment can help one create a corpus that can fulfil their monetary requirements post retirement. In this write-up, we will tell how many years it will take to reach Rs 11 crore retirement corpus with Rs 17,000 monthly SIP if the rate of growth is 12 per cent, 13 per cent, 14 per cent, and 15 per cent, respectively. Also, know by what age one can achieve that target if they begin their investment journey at 25 years of age.
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Years to reach at Rs 11 cr retirement corpus at 12% growth
It will take 37 years to reach the Rs 11 crore corpus at a 12 per cent growth rate.
Years to reach at Rs 11 cr retirement corpus at 12% growth
The investment in those years will be Rs 75,48,000, the estimated long-term capital gains will be Rs 11,04,29,476, and the estimated retirement corpus will be Rs 11,79,77,476.
Years to reach at Rs 11 cr retirement corpus at 13% growth
It will take 35 years to reach the Rs 11 crore retirement corpus if one gets 13 per cent annualised growth on the Rs 17,000 monthly SIP investment.
Years to reach at Rs 11 cr retirement corpus at 13% growth
The investment in 35 years will be Rs 71,40,000, the estimated long-term capital gains will be Rs 11,20,89,360, and the estimated retirement corpus will be Rs 11,92,29,360.
Years to reach at Rs 11 cr retirement corpus at 14% growth
It will take 33 years to reach the Rs 11 crore retirement corpus at a 14 per cent annualised growth rate.
Years to reach at Rs 11 cr retirement corpus at 14% growth
The investment in that period will be Rs 67,32,000, the estimated long-term capital gains will be Rs 10,98,69,010, and the estimated retirement corpus will be Rs 11,66,01,010.
Years to reach at Rs 11 cr retirement corpus at 15% growth
One can reach a Rs 11 crore retirement corpus in 31 years if they get 15 per cent annualised growth on their Rs 17,000 monthly SIP investment.
Years to reach at Rs 11 cr retirement corpus at 15% growth
In 31 years, they will invest Rs 63,24,000; their estimated long-term capital gains will be Rs 10,39,97,333; and the estimated retirement corpus will be Rs 11,03,21,333.
Age to reach Rs 11 cr retirement corpus at 12% investment growth
If one starts investing at 25, they can achieve the Rs 11 crore corpus goal by 62 years of age at 12 per cent annualised investment growth.
Age to reach Rs 11 cr retirement corpus at 13% investment growth
If one starts investing at 25, they can achieve the Rs 11 crore corpus goal by 60 years of age at 13 per cent annualised investment growth.
Age to reach Rs 11 cr retirement corpus at 14% investment growth
If one starts investing at 25, they can achieve the Rs 11 crore corpus goal by 58 years of age at 14 per cent annualised investment growth.
Age to reach Rs 11 cr retirement corpus at 15% investment growth
If one starts investing at 25, they can achieve the Rs 11 crore corpus goal by 56 years of age at 15 per cent annualised investment growth.