Dreaming of a stress-free retirement with ₹1.5 Lakh/month income by age 55? Many do! Is this ambitious goal achievable with a simple SIP? Let's find out if it's a pipe dream or reality for you. Planning smart and starting early is key!
Your ₹1.5 Lakh/month dream needs a reality check. Inflation is your silent enemy! ₹1.5 Lakh today could feel like ₹6.44 Lakh in 25 years. Ignoring this can derail your comfortable retirement plan.
To achieve ₹6.44 Lakh/month (today's ₹1.5 Lakh) at 55, you'd need a staggering corpus of ~₹19.32 Crores! This inflation-adjusted figure shocks most. Smart planning is essential to bridge this gap effectively.
Aim for ₹1.5 Lakh/month in *future value*? That means a ₹4.5 Crore corpus. A consistent SIP of ₹30,000/month for 25 years, with 12% annual returns, can help you reach this goal.
A fixed SIP can feel stretched. Start smaller, say ₹15,000/month, and increase it by 10% annually. With 12% returns, this 'step-up' method can build an astounding ₹5.7 Crores in 25 years! Leverage your salary growth.
SIPs are vital, but a robust retirement needs more. Diversify assets, build a 6-12 month emergency fund, secure adequate insurance, plan for taxes, and review your portfolio yearly. Build a financial fortress!
Ready to map out your comfortable retirement? Don't leave it to guesswork! Visit sipplancalculator.in to calculate your personalized SIP journey and take the first step today. Your future self will thank you!