if you want to secure your retired life with minimum 5 Cr of amount, how much SIP you need to take at the age of 25,30,35? Check over here
If you start investing early there are various ways to build a good corpus fund for your retirement. Apart from regular investment schemes like fixed deposits or ULIP, Investment in Mutual funds SIP is one of the good investment options, which can give better returns at your retirement age. Compound growth may boost your returns faster depending on the number of years you invest.
The earlier you start, the chances of getting more returns are high. As Investments through SIP in mutual funds provide compound growth, starting it at an early age gives you more benefits than those investors who start it at a later age. Know how much amount of SIP you need to start to earn Rs 5 crore in your retirement corpus.
At The Age Of 25
If you start SIP(s) at 25 years of age, you will have many years for compounding growth considering you retire at 60 years of age.
If you start a SIP of Rs 8,000 at the age of 25, and invest it for 35 years, your total investment will be Rs 33,60,000.
If we consider a minimum 12 percent annual return, you will get Rs 4,86,02,153 as long-term capital gains from your investment.
So, at the age of 60, you will be the owner of Rs 5,19,62,153.
At The Age Of 30
If you want to start an SIP at the age of 30, you have to invest Rs 15,000 per month.
Your investment will be Rs 54,00,000, and you will get Rs 4,75,48,707 as long-term capital gains, while your estimated total value of investment will be Rs 5,29,48,707.
At the age of 35
If you invest at the age of 35 and want to accumulate more than Rs 5 crore in 25 years, you will have to spend a good amount of money every month for 25 years.
For this, you will have to invest Rs 27,000 every month in an SIP.
By investing Rs 80,000 for 25 years continuously, you will invest a total of Rs 81,00,000 in 25 years.
You will get Rs 4,31,36,147 as long-term capital gains and your estimated total value of investment will be Rs 5,12,36,147.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice.)
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