Retirement Fund of 3 Crore Possible at 40: Learn SIP Math

• Starting retirement planning at 40 is late but achievable, with 20 years to build a substantial fund.
• A monthly SIP of 31,000 rupees for 20 years can build a 3 crore rupee fund with a 12% annual return.
• Total investment would be 74.4 lakh rupees, yielding approximately 2.35 crore rupees in returns.
• Step-up SIP, increasing investment by 10% annually, can grow a 20,000 rupee SIP to 4 crore rupees in 20 years.
• Mutual funds are ideal for long-term, market-linked returns, offering cost averaging and reducing market fluctuation impact.