Dreaming of a ₹5 Crore retirement corpus by age 55? It sounds massive, but it's absolutely achievable. Let's break down the journey to secure your golden years!
Starting early is your most powerful weapon. Delaying even 7 years can more than double your required monthly SIP to hit ₹5 Cr. Let compounding work its magic for longer!
Aiming for ₹5 Cr by 55 (at 12% returns)? Start at 25: ₹14-16K/month. Start at 30: ₹24-26K/month. Start at 35: ₹42-45K/month. Start at 40: ₹75-80K/month.
Don't start huge. Commit to increasing your SIP annually by 10% – your 'salary hike tax'. This makes large goals achievable and leverages compounding effectively over time.
₹5 Crore today won't have the same purchasing power by age 55. Inflation (6-7%) can significantly erode its value. Factor this into your planning to maintain your lifestyle.
Don't delay, stop SIPs in downturns, chase hot funds, ignore inflation, or skip annual portfolio reviews. Stay disciplined and informed for your ₹5 Cr dream!
Ready to chart your path? Use our calculators at sipplancalculator.in to find your ideal SIP and build your dream corpus. Take control of your financial future now!