Retirement Planning: If you need ₹5,00,00,000 on retirement, then at what age should you start SIP of how much amount?


No matter how much money you are earning today, but the worry of old age still haunts everyone. The reason for this is that in old age you cannot work very hard. In such a situation, a person who works hard throughout his life wants to live comfortably in old age. Money is needed for a comfortable life. For senior citizens, money is their biggest strength. If you have enough money, then you will not have to depend on anyone for your small needs.


If you also want to spend your old age with enjoyment, then start investing in time. In today's time, SIP Mutual Funds is an option that can increase your investment rapidly. The returns that are received in the long term are difficult to get even in any government scheme. Let us tell you that if you want to accumulate a fund of 5 crores through SIP, then at what age should you start SIP of how much rupees?

At the age of 25
If you are 25 years old, then it is good for you. In such a case, you can invest for a longer period and you do not need to invest a huge amount. If you start a SIP of Rs 8,000 at the age of 25, then you will have to run it for 35 years. After 35 years, you will be 60 years old. If you run a SIP of Rs 8,000 for 35 years, your total investment will be Rs 33,60,000. The average return on SIP is considered to be 12 percent. In such a case, you will get Rs 4,86,02,153 as interest on your investment. In this way, at the age of 60, you will own Rs 5,19,62,153.

At the age of 30

If you want to start a SIP at the age of 30, then you will have to run it for at least 30 years. In such a case, you will also have to increase the investment amount because the tenure has become short. If you invest Rs 15,000 per month in SIP for 30 years, you will invest Rs 54,00,000. At the rate of 12 percent, you will get Rs 4,75,48,707 as interest and after 30 years you will own a total of Rs 5,29,48,707.


At the age of 35
If you invest at the age of 35 and want to accumulate more than Rs 5 crore in 25 years, then you will have to spend a good amount of money every month for 25 years. For this, you will have to invest Rs 27,000 every month in SIP. You can do this only if your income is at least around Rs 80,000 to Rs 1,00,000. By investing Rs 80,000 for 25 years continuously, you will invest a total of Rs 81,00,000 in 25 years. You will get Rs 4,31,36,147 as interest and at the age of 30, you will own a total of Rs 5,12,36,147.

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