Power of Compounding: How to build Rs 1 crore retirement corpus with SIPs of Rs 2,000, Rs 3,000, and Rs 6,000
Mutual Funds SIP To Become A Millionaire: Becoming a millionaire might seem daunting today, but 25 years from now, it could be essential, given rising inflation and the declining value of the rupee. With this in mind, it’s crucial to start retirement planning early to secure your financial future. By the time you retire, having at least a crore set aside will be more of a necessity than a luxury.
Mutual Funds SIP
![Mutual Funds SIP Mutual Funds SIP](https://cdn.zeebiz.com/sites/default/files/2024/08/15/312057-3.jpg)
Retirement Planning
![Retirement Planning Retirement Planning](https://cdn.zeebiz.com/sites/default/files/2024/08/15/312056-10.jpg)
If you start retirement planning at the beginning of your career, say at age 25, you have ample time to save. However, if you are already 35, you only have 25 years left to save until you turn 60. So, how much should you invest in a SIP to become a millionaire, depending on whether you are 25, 30, or 35 years old?
Retirement Planning: If you’re 35 years old
![Retirement Planning: If you’re 35 years old Retirement Planning: If you’re 35 years old](https://cdn.zeebiz.com/sites/default/files/2024/08/15/312058-invest-4.jpg)
Retirement Planning: If you’re 30 years old
![Retirement Planning: If you’re 30 years old Retirement Planning: If you’re 30 years old](https://cdn.zeebiz.com/sites/default/files/2024/08/15/312059-invest-3.jpg)
Retirement Planning: If you’re 25 years old
![Retirement Planning: If you’re 25 years old Retirement Planning: If you’re 25 years old](https://cdn.zeebiz.com/sites/default/files/2024/08/15/312060-invest-5.jpg)
Investing in Mutual Funds through SIP
![Investing in Mutual Funds through SIP Investing in Mutual Funds through SIP](https://cdn.zeebiz.com/sites/default/files/2024/08/15/312061-sip-ians.jpg)