With an initial SIP of 1 Lakh, a 14% annual return, and a 10% annual step-up, the first crore can be reached in 15 years. Subsequent crores can be accumulated much faster, with 100 crore potentially achievable within 15 years.
"SIP of ₹1000000 at 14 annual rate of return. Annual step-up of 10 percent. It takes 15 years to reach one crore. It seems like a very long journey, but after that the magic happens. The next crore comes in just four years, the next crore after that in just two years, that crore becomes 6 crore in just five years and that 6 to 10 crore in just three more years. The most interesting thing is that within 15 years you have Rs 100 crore, this is the process."
