The Economic Times

Rs 1 cr corpus, Rs 60K monthly income at 60: Expert explains how Rs 20K SIP starting at 50 can achieve it in 10 years

A financial planner proposes a two-stage strategy for those nearing 50 to build a Rs 1 crore corpus by 60 and then withdraw a Rs 60,000 monthly income with a 5% annual step-up for 25 years. This ambitious plan involves a 20% annual SIP step-up and relies on high investment returns, but one should also analyse the feasibility of these assumptions.