Planning a Rs 10 Crore Retirement Corpus? Here Is the Required Mutual Fund SIP
· Business · Economic Times, LiveMint
Building a retirement corpus of Rs 10 crore by age 60 requires varying monthly mutual fund SIP contributions depending on the investor's entry age, according to the Wealth Conversations Report by FundsIndia. Assuming an expected annual rate of return of 12%, an investor starting at age 20 needs to invest Rs 8,416 per month. Delaying the start to age 25 increases the required monthly investment to Rs 15,000, while starting at age 30 requires Rs 28,000. Investors beginning at age 40 must allocate Rs 1 lakh monthly, and those starting at age 55 face a required monthly contribution of Rs 12 lakh.
Why it matters
The analysis demonstrates the financial impact of compounding and the significant cost of delaying retirement planning for individual investors.
Read the original report — Economic Times
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