We all dream of becoming rich at some point in our lives. Building a fund of Rs 1 crore to become financially independent and enjoy retirement early is a big milestone for many. Having this huge amount of money in hand reduces worries about the future and increases confidence. But many people think that to become a millionaire, you have to invest a huge amount of money in the beginning. This idea is completely wrong. With the right plan, you can reach your dream goal even by saving very little money.

Systematic Investment Plan or SIP is one of the best tools in the world of investment today. You can deposit money on a daily, weekly or monthly basis through SIP through Mutual Funds. It is possible to start this journey with just Rs 500 or less. However, today we will see how you can become a millionaire by saving just Rs 450 daily or Rs 13,500 per month. The main mantra here is patience and the power of compounding.

The calculation is shown in detail in the table below:

  • Details Amount / Time
  • Monthly Investment Rs. 13,500
  • Investment Period 18 Years
  • Expected Return (Annual) 12 Percent
  • Your Total Deposit Rs. 29,16,000
  • Potential Profit (Return) Rs. 74,17,429
  • Total Value at the End of the Term Rs. 1,03,33,429
  • That is, in 18 years you are depositing about Rs. 29 lakhs yourself, but with the magic of compounding you are getting back more than Rs. 1 crore 3 lakhs.

Also Read –EPFO Update – Employees Will Be Able to Withdraw PF Money from ATM! When Will Facility Start?

Achieve your goal faster: Step-up SIP

If you don’t want to wait for 18 years, then you have another great way. It is called Step-up SIP. In this method, you will increase your monthly investment amount by a fixed rate every year. Suppose, you decide to increase your investment by 10 percent every year. Then it will take you less time to reach the goal of Rs. 1 crore.

The calculation of 10 percent step-up SIP is given below:

  1. Details Amount / Time
  2. Initial Monthly Investment Rs. 13,500
  3. Investment Growth Rate (Annual) 10 percent
  4. Investment Period 15 Years
  5. Expected Return (Annual) 12 percent
  6. Your Total Deposit Rs. 51,47,142
  7. Potential Profit (Return) Rs. 65,76,054
  8. Total Value at the End of the Term Rs. 1,17,23,196
  9. With this method, you can own Rs. 1 crore 17 lakh in just 15 years. That is, you will reach your goal 3 years earlier than with a normal SIP.

Read More –Watch- Shardul Thakur’s huge revelation about Rohit Sharma ahead of IPL 2026 season

Online Advice on Bank Loans

Saving Rs. 450 every day is not a difficult task. If you are a little calculating and have a long-term plan, this small savings can give you huge financial security in the future.

Note: Investing in Mutual Funds is subject to market risks. Before investing, read all the scheme related documents carefully. This report is for informational purposes only and does not constitute financial advice. Please consult an experienced advisor before investing.