Starting with a monthly investment of Rs 10,000 can result in a Rs 6 crore retirement fund. Achieving this goal is dependent on elements such as investment duration, estimated rate of return, and consistency. Compounding allows even tiny monthly donations to grow over time.
10,000 investment to reach 6 Crore Calculation
To calculate the expected corpus of a Rs 10,000 monthly SIP with a 12% annualized return beginning at age 25, one can determine the time required to reach their goal.
The estimated corpus is Rs 23,23,390, while the estimated capital profits are Rs 11,23,400 aprox.
The estimated corpus is Rs 99,91,489. The expected corpus is Rs 24,000,000, with a projected capital gain of Rs 75,91,489.
The estimated corpus is Rs 3,52,99,139. Starting as age 25, you can construct a possible retirement corpus.
Starting at the age of 25, one can accumulate a prospective retirement fund until they reach the age of 60.
In this article discusses retirement planning and the time required to reach financial goals using a systematic investment plan (SIP).
