SIP amounts to target ₹1 crore by age 45

An SIP means investing a fixed amount of money regularly, usually every month.

This article explains how to aim for ₹1 crore by age 45.

Someone starting at age 25 may need to invest ₹10,200 each month.

Someone starting at age 30 may need ₹20,500 each month.

Someone starting at age 35 may need ₹44,000 each month.

The later a person starts, the more money they generally need to invest each month.

Starting earlier gives the money more time to grow through compounding.

The calculations assume a 12% yearly return.

However, mutual fund returns can change because they depend on the market.