How Long Will It Take To Build A Rs 2 Crore, Rs 3 Crore, Or Rs 4 Crore Corpus With Just Rs 9,999 Monthly? News24 –

Retirement Planning with Monthly SIP: If you want to build a good amount of money for your retirement and are looking for a smart way to invest, SIP (Systematic Investment Plan) could be a great option. In this article, we will show you how long it would take save Rs 2.16 crore, Rs 3.08 crore, and Rs 4.37 crore by investing Rs 9,999 every month.

Planning for retirement is important for everyone because it helps you have financial freedom and enjoy a stress-free life after you stop working. If you want to save a large amount of money for your future and need a good way to invest, SIP (Systematic Investment Plan) could be a great choice. It’s a way of investing in mutual funds where you regularly invest a fixed amount based on what you can afford. You can choose to invest monthly, weekly, or annually.

SIP: Key Features

• Market-linked investment: The returns are linked to the stock market’s performance.
• Average annual return: SIPs generally offer about 12% return per year on average.
• Power of compounding: Your money grows faster over time because of the interest on interest.
• Rupee cost averaging: By investing a fixed amount regularly, you buy more units when the market is low and fewer when it’s high, which helps average the cost of your investment.
• Risk tolerance: You can adjust your investment according to how much risk you are willing to take.

How much time will it take to build a retirement corpus of Rs 2.16 crore, Rs 3.08 crore, and Rs 4.37 crore with a Rs 9,999 monthly SIP?

Here, we’ll show how long it would take to reach different retirement goals with a monthly SIP of Rs 9,999.

1. Building Rs 2.16 Crore with Rs 9,999 per Month

• Time needed: 27 years
• Total Investment: Rs 32,39,676
• Capital Gain (Profit): Rs 1,83,81,291
• Total Amount after 27 years: Rs 2,16,20,967

2. Building Rs 3.08 Crore with Rs 9,999 per Month

• Time needed: 30 years
• Total Investment: Rs 35,99,640
• Capital Gain (Profit): Rs 2,72,07,011
• Total Amount after 30 years: Rs 3,08,06,651

3. Building Rs 4.37 Crore with Rs 9,999 per Month

• Time needed: 33 years
• Total Investment: Rs 39,59,604
• Capital Gain (Profit): Rs 3,97,52,272
• Total Amount after 33 years: Rs 4,37,11,876

(Disclaimer: These calculations are just estimates and not financial advice. Please do your own research or talk to a financial expert before making any investment decisions.)