Mutual Fund SIP: 2.5 lakhs per month after retirement, check details

Mutual Fund SIP: If we do not plan to meet the rising rate of inflation, we will have to compromise on our needs and hobbies in the coming time. In such a situation, it is important to make a good plan from time to time so that your fixed income stays 60 years or even after retirement. With SIP, we can make big money in the long run by making small investments every month. According to experts, inflation should always be kept in mind during this period. If any person follows this rule, he will have no trouble with money in the coming time.

Get ready to unpack your pocket, it will be expensive to withdraw from the ATM this month, you will have to pay higher fees on debit and credit

How much money does a person need during retirement?

Asked how much money a person should have in retirement a month, investment expert Jitendra Solanki said, “A middle class person needs 40,000 rupees at retirement. If inflation is taken into account, the same expenditure over the next 30 years will be Rs 2.5 lakh. Solanki says that if a person gets a job before the age of 30, he should start investing in retirement. There are many ups and downs in the lives of professionals, so SIP is good for them.

In such a situation, the question now is how much the monthly SIP should be, so that it costs Rs 2.5 lakh. Commenting on this, Optima Money Manager CEO and Founder Pankaj said, ‘For an income of Rs 2.5 lakh per month, a person has to spend close to Rs 5 crore on retirement. If a person starts investing in mutual funds at the age of 30, he has to invest Rs 11,000 per month. But at this time a person has to maintain a 10 per cent growth in his or her investment, then Rs 5 crore after 30 years.

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Pankaj says, now, how about 2.5 lakhs of revenue from this 5 crores, ‘senior citizens will get Rs 5 crores at retirement. If available, they can easily invest in SWP (systematic withdrawal scheme) for 20 years. Do it. In such a situation, one can continuously withdraw Rs 2.5 per month for the next 20 years, even with 6% inflation and 8% income.

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