Retirement Planning: If you also want to spend your old age with pleasure, then start investing in time. In today’s time, SIP Mutual Funds is such an option that can increase your investment rapidly. Know how much money you can invest in monthly SIP according to your age, by investing more than 5 crores of funds.
Retirement Planning: No matter how much money you are earning in today’s time, but the worry of old age still haunts everyone. The reason for this is that in old age you do not have the ability to 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 plenty of money, then you will not have to depend on anyone for your small needs.
Retirement Planning: If you also want to spend your old age with pleasure, then start investing in time. In today’s time, SIP Mutual Funds is such an option that can increase your investment rapidly. The long term returns that are available in this are difficult to get even in any government scheme. Let us tell you that if you want to deposit a fund of 5 crores through SIP, then at what age should you start SIP.
At the age of 25
If you are 25 years old, then it is good for you. In such a situation, you can invest for a longer period and you do not need to invest a very large 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 situation, you will get Rs 4,86,02,153 as interest on your investment. In this way, at the age of 60, you will be the owner of Rs 5,19,62,153.
At the age of 30
If you want to start SIP at the age of 30, then it will have to be run for at least 30 years. In such a situation, you will have to increase the investment amount because the tenure has become shorter. If you invest Rs 15,000 per month in SIP for 30 years continuously, then you will invest Rs 54,00,000. At the rate of 12 percent, you will get Rs 4,75,48,707 as interest and you will be the owner of a total of Rs 5,29,48,707 after 30 years.
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 consecutive 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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