Power of Compounding: How many years it will take to generate Rs 1.50 crore corpus from Rs 2,000, Rs 4,000, and Rs 6,000 monthly SIPs; know here
Retirement Corpus Calculator, Power of Compounding: A small monthly investment can do wonders if the investor stays in it for a long time. Even monthly investment such as Rs 2,000, Rs 4,000, and Rs 6,000 can create a corpus as high as Rs 1.50 crore.
SIP Calculator, Retirement Calculator: Consistent investment done for the long term has its own benefit. Even if one doesn't have a large amount to invest and starts with a small amount, they can create a large corpus with it if they invest for a long time. Small amounts, which you think have little significance, can create a corpus that can help you meet many of your financial goals. The selection of the investment tool is also important. It should be such that it can give over 10 per cent annualised returns in the long run. In this write-up, know how Rs 2,000, Rs 4,000, and Rs 6,000 monthly investments can grow to Rs 1.50 crore if one gets annualised returns of 12 per cent, 13 per cent, 14 per cent, or 15 per cent, on their investments.
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Calculation conditions
Since we need are showing monthly investment where the rate of return should be at least 12 per cent, we are picking SIP in mutual funds as the investment method.
From Rs 2,000 monthly SIP to Rs 1.50 cr corpus at 12% annualised return
It will take approximately 38 years to achieve that target. During that time, the investment will be Rs 9,12,000, estimated long-term capital gains will be Rs 1,46,58,800 and the estimated retirement corpus will be Rs 1,55,70,800.
From Rs 2,000 monthly SIP to Rs 1.50 cr corpus at 13% annualised return
It will take approximately 36 years to achieve that target. During that time, the investment will be Rs 8,64,000, estimated long-term capital gains will be Rs 1,50,12,150 and the estimated retirement corpus will be Rs 1,58,76,150.
From Rs 2,000 monthly SIP to Rs 1.50 cr corpus at 14% annualised return
It will take approximately 34 years to achieve that goal. During that time, the investment will be Rs 8,16,000 , estimated long-term capital gains will be Rs 1,48,48,037 and the estimated retirement corpus will be Rs 1,56,64,037.
From Rs 2,000 monthly SIP to Rs 1.50 cr corpus at 15% annualised return
It will take a little more than 32 years to achieve that target. During that time, the investment will be Rs 7,68,000, estimated long-term capital gains will be Rs 1,41,83,736 and the estimated retirement corpus will be Rs 1,49,51,736.
From Rs 4,000 monthly SIP to Rs 1.50 cr corpus at 12% annualised return
It will take approximately 32 years to achieve that target. During that time, the investment will be Rs 15,36,000, estimated long-term capital gains will be Rs 1,40,31,351 and the estimated retirement corpus will be Rs 1,55,67,351.
From Rs 4,000 monthly SIP to Rs 1.50 cr corpus at 13% annualised return
It will take approximately 30 years to achieve that target. During that time, the investment will be Rs 14,40,000, estimated long-term capital gains will be Rs 1,36,06,076 and the estimated retirement corpus will be Rs 1,50,46,076.
From Rs 4,000 monthly SIP to Rs 1.50 cr corpus at 14% annualised return
It will take approximately 29 years to achieve that goal. During that time, the investment will be Rs 13,92,000, estimated long-term capital gains will be Rs 1,47,01,785 and the estimated retirement corpus will be Rs 1,60,93,785.
From Rs 4,000 monthly SIP to Rs 1.50 cr corpus at 15% annualised return
It will take a little more than 27 years to achieve that target. During that time, the investment will be Rs 13,44,000, estimated long-term capital gains will be Rs 1,56,05,471 and the estimated retirement corpus will be Rs 1,69,49,471.
From Rs 6,000 monthly SIP to Rs 1.50 cr corpus at 12% annualised return
It will take approximately 29 years to achieve that target. During that time, the investment will be Rs 20,88,000, estimated long-term capital gains will be Rs 1,43,48,822 and the estimated retirement corpus will be Rs 1,64,36,822.
From Rs 6,000 monthly SIP to Rs 1.50 cr corpus at 13% annualised return
It will take approximately 27 years to achieve that target. During that time, the investment will be Rs 19,44,000, estimated long-term capital gains will be Rs 1,35,15,778 and the estimated retirement corpus will be Rs 1,54,59,778.
From Rs 6,000 monthly SIP to Rs 1.50 cr corpus at 14% annualised return
It will take approximately 26 years to achieve that goal. During that time, the investment will be Rs 18,72,000, estimated long-term capital gains will be Rs 1,42,42,690 and the estimated retirement corpus will be Rs 1,61,14,690.
From Rs 6,000 monthly SIP to Rs 1.50 cr corpus at 15% annualised return
It will take 25 years to achieve that target. During that time, the investment will be Rs 18,00,000, estimated long-term capital gains will be Rs 1,47,39,365 and the estimated retirement corpus will be Rs 1,65,39,365.