Goal SIP Calculator
Determine the monthly SIP amount needed to reach a specific financial goal. Work backward from your target amount to plan monthly investment.
Goal SIP Calculator
Result
How it works
Formula Used
P = FV / [((1+r)^n - 1) / r] FV = goal amount, r = monthly return, n = number of months
Smart Tips
- Factor in inflation when setting goals (5-6% inflation)
- Increase SIP annually to match salary hikes
- Review annually and adjust returns if needed
Best Used For
Plan house purchase, child education, business startup fund
FAQs
Should I increase my goal amount for inflation?
Yes. If you need ₹50L today, account for inflation. At 5.5% inflation, same lifestyle costs ₹80L+ in 10 years. Add 5-6% to your goal amount or increase SIP annually by that rate.
What if the calculated SIP is too high?
Options: (1) Extend timeline—more years reduce monthly amount, (2) Reduce goal—realistic prioritization, (3) Increase expected return—higher-risk funds, (4) Start earlier—more compounding time.
Should I adjust my SIP target if market crashes?
Not immediately. Market crashes are temporary. Stick with your SIP discipline—it's designed to handle volatility through averaging. If fundamentals are good, market recovers. Panic selling locks in losses.
How often should I review and adjust my SIP?
Annually, around tax time or on your investment anniversary. Check: (1) Corpus growth vs plan, (2) Return assumptions (realistic?), (3) Goal amount changes, (4) Risk tolerance shift. Adjust if needed.
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