Your age doesn’t matter when it comes to building wealth. Whether you are 20, 25, 30, or 35, a simple investment plan can help you become a millionaire. Let’s see how you can grow your money to Rs 1 crore with a smart SIP strategy.

SIP

A systematic investment plan (SIP) is an investment scheme that allows one to invest a fixed amount regularly. You can start investing in SIP with a small amount of Rs 100.

Power of compounding

Compounding generates earnings not only on the principal amount but also on the accumulated growth during the investment period.

15X15X15 SIP formula?

The three 15s in this strategy are key. The first 15 represents the investment amount you need to invest Rs 15,000 every month. The second 15 means investing consistently for 15 years. The third 15 stands for annualised return which is 15 per cent. 

How does 15X15X15 SIP formula work?

You have to invest Rs 15,000 in a monthly systematic investment plan (SIP) for 15 years at 15 per cent annualised return. 

Become a millionaire by 35 with the 15x15x15 Formula

If you start investing Rs 15,000 every month from the age of 20, and by the time you are 35, you will have Rs 1 crore corpus. Even if you start at 25, you can still achieve your financial goals with the 15x15x15 formula by the time you turn 40. 

Turn Rs 15,000 into Rs 1 Crore at an early age

If you start a bit later which is at the age of 30, by the time you are 45, you can reach the target of Rs 1 crore corpus. Investing at the age of 35, using this formula, you can achieve this corpus target at the age of 50.

15X15X15 SIP calculation conditions

• Monthly investment: Rs 15,000
• Annualised return: 15 per cent
• Let’s find your retirement corpus

15X15X15 SIP formula: What will be your total investment amount?

Using this formula, if you start a monthly SIP of Rs 15,000 and continue for 15 years, your estimated investment amount will be Rs 27,00,000. 

15X15X15 SIP formula: What will be your capital gains?

Using this formula, if you start a monthly SIP of Rs 15,000 and continue for 15 years, your estimated capital gains will be Rs 74,52,946. 

15X15X15 SIP formula: What will be your retirement corpus after 15 years?

Using this formula, if you start a monthly SIP of Rs 15,000 and continue for 15 years, your estimated retirement corpus will be Rs 1,01,52,946.

(Disclaimer: Our calculations are projections and not investment advice. Do your due diligence or consult an expert for financial planning)