1. A back-of-the-envelope calculation shows that an investor can accumulate 20/40 lakh retirement corpus through his 1,000/2,000 monthly SIPs during 30 years of his working life.
2. After retirement, he can perpetually withdraw an inflation-beating monthly retirement income of 16,000/32,000 throughout his remaining life, besides preserving his retirement corpus for bequeathing to his near ones.
3. If he increases his SIPs by just 10% every year, his retirement corpus would then swell to 60/120 lakhs.
4. In such case after retirement, his perpetual monthly withdrawal would become 47,000/94,000, with his retirement corpus still remaining intact.
2. After retirement, he can perpetually withdraw an inflation-beating monthly retirement income of 16,000/32,000 throughout his remaining life, besides preserving his retirement corpus for bequeathing to his near ones.
3. If he increases his SIPs by just 10% every year, his retirement corpus would then swell to 60/120 lakhs.
4. In such case after retirement, his perpetual monthly withdrawal would become 47,000/94,000, with his retirement corpus still remaining intact.