SIP calculator: Can a 30 year old retire at 55 with ₹5 lakh monthly pension?
3 years, 2 months ago

SIP calculator: Can a 30 year old retire at 55 with ₹5 lakh monthly pension?

Live Mint  

Mutual funds SIP calculator: Reetesh is a 30 year old earning individual who want to retire at the age of 55. On how much annual step-up would be enough to meet this ₹7 crore investment goal; Kartik Jhaveri of Transcend Capital said, "Normally, 10 per cent annual step-up in SIP is advisable but to retire 5 years before the normal 60 years of age, one will have to keep it around 15 per cent annual step up." Mutual fund return calculator Assuming 15 per cent return on one's mutual funds SIP for 25 years, mutual fund SIP calculator suggests that one requires around ₹8,000 monthly SIP with 15 per cent annual step-up to achieve ₹7 crore investment goal. As per the mutual fund SIP calculator, if an investor starts ₹8,000 monthly SIP, using 15 per cent annual step-up for next 25 years, the investor can accumulate ₹7.45 crore at 15 per cent annual mutual fund return. Source: piggy SIP calculator Asked about SWP plans that can yield 8 per cent per annum, Pankaj Mathpal of Optima Money Managers listed out the following: 1] ICICI Prudential Balanced Advantage Fund; 2] Aditya Birla Sun Life Balanced Advantage Fund; 3] Nippon India Balanced Advantage Fund; and 4] Axis Balanced Advantage Fund.

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