Fri, Nov 08, 2024
555 Retirement Investment Strategy: The 555 formula tells to invest Rs 5,000 monthly in a mutual fund SIP, increase the investment by 5 per cent every year, and retire 5 years earlier than the retirement age of 55. Through the years of compounding growth, the strategy can help one generate a retirement corpus of over Rs 2.63 crore.
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Mon, Mar 25, 2024
SIP 555 formula is based on starting investment at 25 and retiring at 55 with an over Rs 5 crore coprpus by using the step up SIP option. That too with a 11 per cent annualised return. It is possible through power of compounding and long-term investment. If one invests that corpus at 55 in a guaranteed return scheme, they may get pension of over Rs 2.50 lakh a month. Know how it is possible through calculations.
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