Goal SIP calculator
Start from the amount you need and work back to the monthly SIP that gets you there.
Monthly SIP needed
₹10,760
- You invest in all
- ₹12,91,216
- Savings grow to
- ₹0
- Returns do the rest
- ₹12,08,784
- Invested₹12,91,21652%
- Gain₹12,08,78448%
Year by year
| Year | Invested | Gain | Value |
|---|---|---|---|
| 1 | ₹1,29,122 | ₹8,708 | ₹1,37,830 |
| 2 | ₹2,58,243 | ₹34,897 | ₹2,93,141 |
| 3 | ₹3,87,365 | ₹80,783 | ₹4,68,148 |
| 4 | ₹5,16,487 | ₹1,48,865 | ₹6,65,351 |
| 5 | ₹6,45,608 | ₹2,41,956 | ₹8,87,565 |
| 6 | ₹7,74,730 | ₹3,63,230 | ₹11,37,960 |
| 7 | ₹9,03,851 | ₹5,16,261 | ₹14,20,112 |
| 8 | ₹10,32,973 | ₹7,05,075 | ₹17,38,048 |
| 9 | ₹11,62,095 | ₹9,34,211 | ₹20,96,306 |
| 10 | ₹12,91,216 | ₹12,08,784 | ₹25,00,000 |
How it's worked out
Savings you already have are grown to the goal date first. The monthly SIP then covers the rest, using the same sums as the SIP calculator.
Enter the amount as it will cost then, not as it costs today. A course costing ₹25 lakh now costs about ₹45 lakh in ten years at 6% inflation.
The formulaSIP = (target − savings × (1 + r)ᵗ) ÷ {[((1 + i)ⁿ − 1) ÷ i] × (1 + i)}, where r is the yearly return, i is r ÷ 12 and n is the number of months.
Common questions
What if the SIP is more than I can afford?
You have three things to change: push the date back, lower the target, or start a smaller SIP and raise it each year with the step-up calculator.
Should I assume equity returns for a short goal?
A goal only a few years away has little time to recover from a fall, so a lower return is safer to plan on.
More investing calculators
All calculatorsIllustrative figures only, from the numbers you enter and the assumptions stated above. Rates and rules change, so check them with the provider or a qualified adviser before acting. Arthscan is not a SEBI-registered research analyst or investment adviser, and nothing here is investment advice.