SIP : 30k per month
Step up amount : 3k per annum (that means your SIP Amount in 2nd year: 33k, 3rd year: 36k, 4th year: 39k, 5th year: 42k, so on and so forth till tenth year).
Expected rate of return: 13-15%
Amount after 10 years : 1.07 crore with an expected rate of return of 14%
The expected rate of return from the equity market is 12-15%. I have taken 14%. Conservatively, even if equity markets give 12% rate of return, one may take 11 years to reach the target of 01 Cr. One year will not make much of a difference. The aim is to reach there.
Now the most important part; HOW TO GET PENSION OF 01 LAKH PER MONTH
Yes, one can easily withdraw 01 lakh per month from this account through out your life and your principal of 1.07 crores will remain with you all the time. The logic is very simple. Equity markets are expected to give 12-15% returns in long term. So, if you withdraw 12 lakh per annum (ie 12% of 1 crore), your corpus of one crore will not get effected, since it will fetch you 12 lakh again. Yes! It may not be as simple as it looks here on paper because of volatility of the market but I am sure if you stick with your investment, you can withdraw the above amount per month and your corpus will not get effected in long term.
DISCLAIMER : The opinion expressed above is our personal opinion and in no way recommendation of buying or selling. You must consult your financial advisor before making any fresh investment in equity market. Please also note that past performance of funds does not guarantee future returns.
We are also operating a Mutual Fund Distribution Firm Investor First. For better understanding of mutual fund investments or Investment Planning for future targets, you can contact us at the following address :
Website: https://investorfirst.co.in/
Head Office : 2nd Floor, 159/129/96, Sri Krishna Tower, Near Hotel Ramada, Ballupur Road, Dehradun-248001, Uttarakhand.
Contact Numbers: +91-9164046333 (personal), +91-8410116967(off), +91-6397808084(off), +91-1353520386(off).
Mail Address: sangam157@gmail.com, info@investorfirst.co.in
No comments:
Post a Comment