Disciplined investing with step-ups can turn savings into a lifelong cash machine

By consistently investing in Systematic Investment Plans (SIPs) and gradually increasing contributions, individuals can build a substantial post-retirement income, according to chartered accountant and tax expert Nitin Kaushik.

Kaushik shared an illustrative example on X, demonstrating how a 35-year-old doctor could secure a monthly post-retirement income of Rs 3 lakh. The strategy involves investing in an SIP, with an over . Assuming an , this disciplined approach can accumulate a corpus of .

🚨 Real Wealth Example

👨‍⚕️ Doctor Client (Age 35)

💰 SIP = ₹75,000/month

📈 Step-up = 8% yearly

⏳ Tenure = 20 years

🔄 Return = 11% CAGR

👉 Final Corpus = ₹10.5 Crore

👉 Post-retirement SWP @ 5% = ₹3

See Full Page