From Rs 20,000 monthly SIP to Rs 15 crore retirement corpus: How long will it take to generate huge corpus; know calculations
From Rs 20,000 monthly SIP to Rs 15 crore retirement corpus: The mantra to create a huge retirement corpus is to beging your investment journey early in your career. It gives years of compounding and grow your investment fast.
From Rs 20,000 monthly SIP to Rs 15 crore retirement corpus: Step by step, you reach a milestone. Brick by brick, you build a house. Rupee by rupee, you build a large corpus. From Rs 20,000 monthly SIP to Rs 15 crore retirement corpus appears to be an uphill task. But that's not impossible to achieve. It will surely take a long time, but the sheer magnitude of gains can entice a youngster to begin their investment journey early. Saving and investing month by month and building a corpus that can cover their expenses for scores of years can be the reason to start early. In this write-up, get to know how many years it may take to reach from Rs 20,000 monthly SIP to Rs 15 crore retirement corpus.
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Investment conditions
Here, your monthly SIP investment will be Rs 20,000 a month. We can calculate retirement corpus based on SIP returns, which we will assume to be 12 per cent, 13 per cent, 14 per cent and 15 per cent, respectively. The investor will begin investing at the age of 25 years.
What if you get 12 per cent return on investment?
If you get a 12 per cent annualised SIP return, the journey from Rs 20,000 monthly SIP to Rs 15 crore retirement corpus will take an estimated 38 years.
What if you get 12 per cent return on investment?
In that period, your investments will be Rs 91,20,000, the estimated long term capital gains will be Rs 14,65,88,004, and the estimated corpus will be Rs 15,57,08,004.
What if you get 13 per cent return on investment?
If you get a 13 per cent annualised SIP return, the journey from Rs 20,000 monthly SIP to Rs 15 crore retirement corpus will take an estimated 36 years.
What if you get 13 per cent return on investment?
In that period, your investments will be Rs 86,40,000, estimated long term capital gains will be Rs 15,01,21,499, and the estimated corpus will be Rs 15,87,61,499.
What if you get 14 per cent return on investment?
If you get a 14 per cent annualised SIP return, the journey from Rs 20,000 monthly SIP to Rs 15 crore retirement corpus will take an estimated 34 years.
What if you get 14 per cent return on investment?
In that period, your investments will be Rs 81,60,000, estimated long term capital gains will be Rs 14,84,80,367, and the estimated corpus will be Rs 15,66,40,367.
What if you get 15 per cent return on investment?
If you get a 15 per cent annualised SIP return, the journey from Rs 20,000 monthly SIP to Rs 15 crore retirement corpus is likely to take a little over 32 years.
What if you get 15 per cent return on investment?
In that period, your investments will be Rs 76,80,000, the estimated long term capital gains will be Rs 14,18,37,357, and the estimated corpus will be Rs 14,95,17,357.