Boond
SIP needed for ₹10 lakh in 20 years
At 12% a year, invest every month
₹1,010
for 240 months to reach ₹10 lakh. Starting with a 10% yearly step-up, you could begin at ₹510 a month.
Change the numbersAt different returns
| Return | Monthly SIP | You put in |
|---|---|---|
| 8% | ₹1,690 | ₹4.06 lakh |
| 10% | ₹1,310 | ₹3.14 lakh |
| 12% | ₹1,010 | ₹2.42 lakh |
| 15% | ₹660 | ₹1.58 lakh |
Prefer to invest once? About ₹1,04,000 today, left for 20 years at 12% a year, also reaches ₹10 lakh.
Remember inflation: at 6% a year, ₹10 lakh in 20 years will buy about what ₹3.12 lakh buys today.
Boond is a calculator, not investment advice. Mutual fund investments are subject to market risks. Returns shown are estimates at the rates listed, before tax.