You invest in a mutual fund through a monthly SIP, where you are expected to get annualised SIP returns of 12 per cent. You need to make it till the retirement age of 60 years.
If you start SIP investment at 40 years of age, you will have an investment horizon of 20 years. To reach a Rs 10 crore retirement corpus by 60, you need to make a Rs 100,086 monthly SIP.
If you start SIP investment at 35 years of age, you will have a 25-year investment horizon. To reach the Rs 10 crore retirement corpus target, you need to make Rs 52,700 monthly SIP.
You will have 30 years of investment horizon. To reach the Rs 10 crore retirement corpus, you need to make Rs 28,350 monthly SIP.
If you start SIP investment at 25 years of age, you will have a 35-year investment horizon. To reach the Rs 10 crore retirement corpus goal, you need to make just Rs 15,400 monthly SIP.