Hi Sir,I am 45 yrs i am planning to retirement early up to age 55. and my target is up to 2 cr savings. i have lum sum one time invested mutual fund 20lac and SIP 22k/month also . Insurance plan up to 1.5lac. my salary is 1.2lac /month. please suggest.
Ans: Hi,
This is insufficient data to answer your question currently. However, assuming that you might have invested the 20 lacs 10 Years back, you might be able to achieve a corpus of close to 1.9 cr after 10 Years from now assuming 12% annualised returns. The 22k sip might yield you a corpus of around 50 lacs in 10 Years assuming 12% annualised returns. You goal looks achievable. You can look to increase the SIP amount since your income shows you have the bandwidth.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons