Retirement Riches: How to Accumulate Rs 5 Crore by 60, Even Starting at 40!

• Personal finance experts recommend starting retirement planning early, but it's still achievable even if you begin at 40.
• The 'magic of compounding' is key, especially through Systematic Investment Plans (SIPs) in mutual funds.
• To reach Rs 5.06 crore by age 60, invest Rs 55,000 monthly for 20 years, assuming a 12% annual return.
• For a target of Rs 5.98 crore, increase your monthly SIP to Rs 65,000 for 20 years with the same 12% return.
• Alternatively, start with a lower SIP of Rs 40,000 and increase it by 10% annually (step-up method) to reach your goal.

Why It Matters: Achieving a Rs 5-6 crore retirement fund is possible by 60, even starting at 40, through consistent SIPs and compounding.