Goal SIP Calculator

SIP stands for Systematic Investment Plan. You invest a fixed sum every month in mutual funds. This calculator models each contribution at the end of the month. Its formula is future value = P × [((1 + r)^n − 1) / r], where P is the monthly amount, r is the monthly return and n is the number of months.

It depends on cost today, years away, inflation and return. For example, a dream car that costs ₹15 lakh today will cost about ₹20.07 lakh in 5 years at 6% inflation. To reach that amount in 5 years, the calculator gives about ₹22,663 a month at 15%, or ₹24,579 at 12%. The 15% monthly amount is equivalent to about ₹745 a day.

A step up SIP increases your monthly SIP every year by a fixed percent, often 10%. This calculator does not model a step up: it shows one flat end-of-month contribution for the full horizon. If you use a step-up plan elsewhere, its required starting contribution can be lower than the flat amount shown here.

Steady 12% fits a balanced mix with some debt, Growth 15% fits a longer term equity heavy plan. Use 12% if your horizon is under 7 years or you prefer stability. Use 15% for horizons above 10 years with equity funds like flexi cap or index. Always look at both to see a realistic range.

It is the monthly SIP multiplied by 12 and divided by 365. It is a daily budgeting equivalent, not a separate daily-compounding calculation. The future-value calculation still assumes one contribution at the end of each month.

Yes. We inflate your goal cost to the year you need it at 6% a year. So a ₹25 lakh college fee today in 15 years becomes about ₹59.9 lakh. The SIP shown is for that future amount, so it covers real purchasing power, not just today price.

Yes, but plan each goal separately. A house in 8 years and college in 15 years need different SIPs and different equity and debt splits. This tool lets you switch between Kid college, Dream car, Dream house, Family trip and Financial freedom presets. For a full plan, add up the SIPs for each goal.

The calculator does not include an existing-savings input. Its SIP assumes the entire inflation-adjusted future cost will be built from monthly contributions. If you already have savings, the displayed SIP will overstate the amount you need from new contributions.

SIP is not guaranteed. Returns depend on market and fund. Expense ratio is the yearly fee the fund charges, usually 0.3% to 1% for direct funds, and exit load is a small fee if you redeem very early, often 1% within a year. Our estimate is before these costs, so your real return will be a bit lower.

Missing one SIP does not close your account. The units for that month are just not bought, so your final corpus will be slightly lower. You can pause and resume anytime. Try not to miss many in the early years, because early contributions compound the longest.

Match horizon to mix. Under 5 years use more debt and a 12% expectation. For 5 to 10 years, a common mix is 60% equity in flexi cap or index plus 40% debt. Above 10 years you can go 80% equity. Rebalance once a year to bring it back to target, not every month.

If you have the goal far away, SIP spreads risk and fits monthly income. If you have cash now, a lump sum invested earlier has more time to compound. Many people do both, a lump sum for what they have plus a SIP for what they earn. This calculator focuses on SIP, which is how most goals are funded.

XIRR is the annualised return of your actual SIP dates and amounts. It differs from a simple CAGR because SIP money goes in over time. Use the SIP shown here as a target, then track your portfolio XIRR to see if you are on track after costs.

Goal SIP is for a single price-tagged goal with a fixed horizon, like a car in 5 years. Retirement calculator is for a living expense that continues for 25 years after 60. Use goal SIP for one time goals, retirement calculator for monthly income after you stop working.