SIP calculation: How much time will it take to reach Rs 10 crore with or without Step-up?

financialexpress.com:

The final corpus that you can accumulate from mutual fund investments through SIP will depend on several factors. These include the duration of investment, the total amount invested and actual returns realised by the fund. A calculation by FundsIndia shows that an investor can reach Rs 10 crore in 38 years and 7 months by investing Rs 10,000 per month through SIP. However, this is subject to the condition that the fund gives an annualised return of 12%.

This article looks at how much time it will take to reach Rs 10 crore through SIP at 12% returns with or without SIP, as per the calculation done by FundsIndia in its latest Wealth Conversations Report.

Rs 10,000 SIP: It will take 38 years and 7 months to reach Rs 10 crore (assuming 12% annualised returns).

Rs 20,000 SIP: It will take 32 years and 11 months to reach Rs 10 crore (assuming 12% annualised returns).

Rs 25,000 SIP: It will take 31 years and 1 month to reach Rs 10 crore (assuming 12% annualised returns).

Rs 30,000 SIP: It will take 29 years and 7 months to reach Rs 10 crore (assuming 12% annualised returns).

Rs 40,000 SIP: It will take 27 years and 3 months to reach Rs 10 crore (assuming 12% annualised returns).

Rs 50,000 SIP: It will take 25 years and 6 months to reach Rs 10 crore (assuming 12% annualised returns).

Rs 75,000 SIP: It will take 22 years and 3 months to reach Rs 10 crore (assuming 12% annualised returns).

Rs 1 lakh SIP: It will take 20 years and 1 month to reach Rs 10 crore (assuming 12% annualised returns).

Also Read: How much money is enough for you and your family?

Rs 10,000 SIP with 5% step-up: It will take 35 years and 1 month to reach Rs 10 crore (assuming 12% annualised returns).

Rs 20,000 SIP with 5% step-up: It will take 29 years and 8