SillyRaccoon
SillyRaccoon
25d

How much time would it take if one has 40 lpa for building a 2 Crore Corpus.

Hello Folks,

Considering one has 40 lpa salary and is the only earning member of the family. Leading a frugal life, how much it would take roughly for making a corpus of 2 Crores. Additional details: Invested in financial instruments like Mutual Funds, PPF, Shares(with investment Perspective and not Trading) etc.

25d ago
SillyQuokka
SillyQuokka
25d

Around 6 years

SillyQuokka
SillyQuokka
25d

You can run your own numbers here: https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php

Real life will have a lot of factors, it's not plain maths.

FuzzyQuokka
FuzzyQuokka

If you invest 1-1.5 lakh monthly then 7-9 yrs.

SillyRaccoon
SillyRaccoon

Thanks a lot, like this I just needed a rough figure only not a perfectly tailored one.

WobblyNarwhal
WobblyNarwhal

Roughly 10 yrs , depends on how aggressively you save

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