15X15X30 SIP Formula: How can you generate over Rs 8 crore corpus in 30 years? See calculations

Your age is just a number when it comes to building wealth. Whether you're in your 20s, 30s, or beyond, it's never too early or too late to start growing your money. With a simple yet smart investment plan, you can become a millionaire and even aim higher. In this article, we'll show you how to grow your wealth to a sizeable Rs 8 crore using a smart SIP strategy.

Systematic Investment Plan

SIP is an investment scheme that lets you invest a fixed amount regularly. You can start investing in SIP with a small amount of Rs 100.

Understanding Power of compounding

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

What is 15X15X30 SIP formula?

The first 15 represents the investment amount you need to invest Rs 15,000 every month. The second 15 stands for annualised return which is 15 per cent. 30 means investing consistently for 30 years. 

How does 15X15X30 SIP formula work?

You have to invest Rs 15,000 in a monthly systematic investment plan (SIP) for 30 years at 15 per cent annualised return. 

Become a millionaire by 50 with the 15x15x30 Formula

If you start investing Rs 15,000 every month from the age of 20, and by the time you are 50, you will have Rs 8 crore corpus. Even if you start at 25, you can still achieve your financial goals with the 15x15x30 formula by the time you turn 55. 

Turn Rs 15,000 into Rs 8 retirement corpus

If you start a bit later which is at the age of 30, by the time you are 60, you can reach the target of Rs 8 crore corpus. 

15X15X30 SIP calculation conditions

• Monthly investment: Rs 15,000
• Annualised return: 15 per cent
• Investment period: 30 years
• Let’s find your retirement corpus

15X15X30 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 30 years, your estimated investment amount will be Rs 54,00,000. 

15X15X30 SIP formula: What will be your capital gains?

Using this formula, if you start a monthly SIP of Rs 15,000 and continue for 30 years, your estimated capital gains will be Rs 7,90,76,556. 

15X15X30 SIP formula: What will be your retirement corpus after 30 years?

Using this formula, if you start a monthly SIP of Rs 15,000 and continue for 30 years, your estimated retirement corpus will be Rs 8,44,76,556.

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