The dream of building a Rs 10 crore retirement corpus by age 50 can become achievable for a 30-year-old but only with an early start, a sizable monthly investment and the discipline to keep increasing it as income grows.
Under the 12% annual return scenario, an investor can begin with a monthly SIP of Rs 53,700, provided the contribution is increased by 10% every year for 20 years. Without an annual step-up, the required monthly SIP rises to Rs 1,08,700.
