Know your goal? See how much you need to invest every month to reach it.
Invest every month
| When | Invested | Returns | Value |
|---|
A normal SIP calculator starts with how much you invest and tells you what it could grow to. A goal SIP calculator works the other way round: you start with what you need, such as ₹1 crore for retirement, ₹25 lakh for a child's education or a house down payment, and it tells you how much to invest every month to get there.
Enter your goal, how long you have and the return you expect. If you've already saved something for this goal, add it, and the calculator counts what it will grow to. You can also raise your SIP every year to start with a smaller amount, and tick my goal is in today's money so the target is raised for inflation to what it will really cost by then.
The result is the instalment you need, how much of the goal comes from your own money and how much from returns, and a year-by-year view.
i is the monthly rate (yearly return ÷ 12) and n is the number of months. It's the standard SIP formula solved for the instalment. With savings, step-ups or inflation the calculator works out the exact amount the same way.
At an expected 12% a year, compounded monthly:
Inflation makes the biggest difference, so it's worth ticking that box for long-term goals.
At an expected 12% a year: about ₹43,041 a month for 10 years, ₹19,819 for 15 years, ₹10,009 for 20 years or ₹5,270 for 25 years. See the ₹1 crore SIP table for other returns.
For goals more than a few years away, yes. Something that costs ₹1 crore today will cost about ₹2.4 crore in 15 years at 6% inflation. Tick “My goal is in today's money” to plan for the real cost.
It depends on the fund type. Many people plan with a slightly lower return than they expect, such as 10% instead of 12%, so they have a margin if markets do worse.
Try a step-up: start smaller and raise the SIP every year as your income grows. You can also add money you've already saved, extend the time, or set a smaller first goal.