Retirement Corpus Target Rs 4 Crore: What should be your monthly SIP investment to achieve this goal in 10 years, 20 years, and 30 years? See calculations
Retirement Planning: When one is planning for retirement, corpus target, the right choice of investment scheme(s), inflation-adjusted returns, and calculation of post-tax returns are important factors.
Rs 4 Crore Retirement Corpus, SIP Returns, Mutual Fund SIP investment: Retirement planning is important for a secure financial future. Everyone needs to assess their monthly expenditure and other financial goals they need to accomplish at retirement age. The other factor to keep in mind is the inflation rate. The assessment should be based on inflation-adjusted returns. Then comes the selection of investments to achieve that retirement goal. One needs to think about post-tax returns. Are you meeting the retirement corpus goal after paying taxes? That's an important factor. Here, through projections, we will tell what should be your investment amount to achieve a Rs 4 crore retirement corpus goal in 10 years, 20 years, and 30 years if your annualised returns are 12 per cent, 13 per cent, 14 per cent, and 15 per cent, respectively. We will use mutual fund SIP as the tool of investment for our calculations since these kinds of returns are possible there.
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(Disclaimer: Our calculations are projections and not investment advice. Do your own due diligence or consult an expert for financial planning.)
Investment to reach Rs 4 cr corpus goal in 10 years at 12% growth
In this condition, the estimated monthly SIP should be Rs 1,79,000 and the total investment will be Rs 2,14,80,000.
Investment to reach Rs 4 cr corpus goal in 10 years at 13% growth
Here, the estimated monthly SIP should be Rs 1,70,000, and the total investment will be Rs 2,04,00,000.
Investment to reach Rs 4 cr corpus goal in 10 years at 14% growth
Here, the estimated monthly SIP should be Rs 1,61,000, and the total investment will be Rs 1,93,20,000.
Investment to reach Rs 4 cr corpus goal in 10 years at 15% growth
Here, the estimated monthly SIP should be Rs 1,53,000, and the total investment will be Rs 1,83,60,000.
Investment to reach Rs 4 cr corpus goal in 20 years at 12% growth
In this scenario, the estimated monthly SIP should be Rs 43,500, and the total investment will be Rs 1,04,40,000.
Investment to reach Rs 4 cr corpus goal in 20 years at 13% growth
Under these conditions, the estimated monthly SIP should be Rs 38,550, and the total investment will be Rs 92,52,000.
Investment to reach Rs 4 cr corpus goal in 20 years at 14% growth
Here, the estimated monthly SIP should be Rs 34,100, and the total investment will be Rs 81,84,000.
Investment to reach Rs 4 cr corpus goal in 20 years at 15% growth
To achieve this goal, the estimated monthly SIP should be Rs 30,150, and the total investment will be Rs 72,36,000.
Investment to reach Rs 4 cr corpus goal in 30 years at 12% growth
In these conditions, the estimated monthly SIP should be Rs 12,990, and the total investment will be Rs 46,76,400.
Investment to reach Rs 4 cr corpus goal in 30 years at 13% growth
In this scenario, the estimated monthly SIP should be Rs 10,650, and the total investment will be Rs 38,34,000.
Investment to reach Rs 4 cr corpus goal in 30 years at 14% growth
Under such circumstances, the estimated monthly SIP should be Rs 8,700, and the total investment will be Rs 31,32,000.
Investment to reach Rs 4 cr corpus goal in 30 years at 15% growth
To accomplish this retirement goal, the estimated monthly SIP should be Rs 7,110, and the total investment will be Rs 25,59,600.