SIP & Lump Sum Investment: How you may achieve Rs 1 crore retirement corpus in 6 and 8 years

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Everyone wants to create a retirement corpus when they don't have any other income source. But very less people know the right way of investment to achieve their financial goal. The size of the fund for retirement depends on person to person, as everyone has a different lifestyle, and if they want to continue with that after 60. Among other retirement plans like National Pension Scheme (NPS) or Employee Pension Scheme (EPS), which are guaranteed and government-backed schemes, there are some other schemes like mutual fund (MF) investments, in which some risks are involved as they are linked to markets. Investing in mutual funds can be done either through systematic investment plan (SIP) or lump sum (one-time) investment. If you are looking to create a Rs 1,00,00,000 corpus for retirement through both ways of MF investment, here's how you can achieve your target in 6 and 8 years.

Let's calculate the maturity amount on the SIP investment first.

How much monthly SIP you need to achieve Rs 1 crore corpus in 6 years

At 12% annualised return: If you invest Rs 96,550 per month for six years, you may achieve a retirement corpus of Rs 1,00,02,826. That means you can start investing at 44 years of age.

At 13% annualised return: If you invest Rs 93,700 per month for six years, you may achieve a retirement corpus of Rs 1,00,04,712. That means you can start investing at 44 years of age.

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How much monthly SIP you need to achieve Rs 1 crore corpus in 8 years

At 12% annualised return: If you invest Rs 63,700 per month for eight years, you may achieve a retirement corpus of Rs 1,00,02,429. That means you can start investing at 42 years of age.

At 13% annualised return: If you invest Rs 61,200 per month for eight years, you may achieve a retirement corpus of Rs 1,00,16,348. That means you can start investing at 42 years of age.