Retirement Corpus Target Rs 7 Crore: What should be your monthly SIP investment to achieve this goal in 20, 25, and 30 years
Retirement Corpus Target Rs 7 Crore: Retirement planning is a long-term process, which one should start early in their career. It will help them create a sizeable corpus with a smaller amount compared to an investment with a larger amount for a shorter duration.
Retirement Corpus Target Rs 7 Crore: When one starts their professional career, retirement planning is hardly on their mind. They are busy in their job, skill enhancement, and upgrading their knowledge. Some of them opt for higher certificate or degree courses to improve their work profile and earnings. All these things are necessary, and one should avail all opportunities to achieve that. But having a financially free retirement is equally important, so retirement planning should also be done gradually. The sooner one starts, the easier it will be for them. In this write-up, know what should be the monthly SIP investment if one is aiming at a retirement corpus of Rs 7 crore with annualised SIP returns of 12 per cent, 13 per cent, 14 per cent, and 15 per cent.
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Advantage of early retirement planning
The one who starts retirement planning early will get more years for compounding of their investments compared to someone who starts late.
Example of early retirement planning advantage
If one invests Rs 5,000 monthly for 20 years and gets 12 per cent annualised return on that investment, their estimated corpus will be Rs 45,99,287.
But if they stay 10 years more in their investment, they will invest Rs 6 lakh more, but the estimated corpus will jump to Rs 1,54,04,866.
Years to achieve Rs 7 cr corpus in 20 years (at 12% return)
The estimated monthly SIP investment in this condition will be Rs 76,100.
Estimated long term capital gains will be Rs 5,17,37,145, and the estimated retirement corpus will be Rs 7,00,01,145.
Years to achieve Rs 7 cr corpus in 20 years (at 13% return)
The estimated monthly SIP investment with 13 per cent annualised return conditions will be Rs 67,450.
Estimated long-term capital gains will be Rs 5,38,57,824, and the estimated retirement corpus will be Rs 7,00,45,824.
Years to achieve Rs 7 cr corpus in 20 years (at 14% return)
The estimated monthly SIP investment with 14 per cent annualised return will be Rs 59,660.
Estimated long-term capital gains will be Rs 5,56,91,067, and the estimated retirement corpus will be Rs 7,00,09,467.
Years to achieve Rs 7 cr corpus in 20 years (at 15% return)
The estimated monthly SIP investment in such conditions will be Rs 52,750.
Estimated long-term capital gains will be Rs 5,73,43,124, and the estimated retirement corpus will be Rs 7,00,03,124.
Years to achieve Rs 7 cr corpus in 25 years (at 12% return)
The estimated monthly SIP investment in these conditions will be Rs 41,150.
Estimated long-term capital gains will be Rs 5,77,00,800, and the estimated retirement corpus will be Rs 7,00,45,800.
Years to achieve Rs 7 cr corpus in 25 years (at 13% return)
The estimated monthly SIP investment in these conditions will be Rs 35,100.
Estimated long-term capital gains will be Rs 5,95,46,394, and the estimated retirement corpus will be Rs 7,00,76,394.
Years to achieve Rs 7 cr corpus in 25 years (at 14% return)
The estimated monthly SIP investment in these conditions will be Rs 29,860.
Estimated long-term capital gains will be Rs 6,10,52,959, and the estimated retirement corpus will be Rs 7,00,10,959.
Years to achieve Rs 7 cr corpus in 25 years (at 15% return)
The estimated monthly SIP investment in these conditions will be Rs 25,395.
Estimated long-term capital gains will be Rs 6,23,84,361, and the estimated retirement corpus will be Rs 7,00,02,861.
Years to achieve Rs 7 cr corpus in 30 years (at 12% return)
The estimated monthly SIP investment in these conditions will be Rs 22,750.
Estimated long-term capital gains will be Rs 6,19,02,141, and the estimated retirement corpus will be Rs 7,00,92,141.
Years to achieve Rs 7 cr corpus in 30 years (at 13% return)
The estimated monthly SIP investment in these conditions will be Rs 18,610.
Estimated long-term capital gains will be Rs 6,33,02,268, and the estimated retirement corpus will be Rs 7,00,01868.
Years to achieve Rs 7 cr corpus in 30 years (at 14% return)
The estimated monthly SIP investment in these conditions will be Rs 15,220.
Estimated long-term capital gains will be Rs 6,45,27,026, and the estimated retirement corpus will be Rs 7,00,06,226.
Years to achieve Rs 7 cr corpus in 30 years (at 15% return)
The estimated monthly SIP investment in these conditions will be Rs 12,430.
Estimated long-term capital gains will be Rs 65,52,8106, and the estimated retirement corpus will be Rs 7,00,02,906.