Goal SIP Calculator: How Much SIP Do I Need for My Target?
Enter your goal, the years to reach it and the return you expect. The calculator shows the monthly SIP you need, counting any money already saved.
- Nothing you type is stored
- Free
- No signup
Monthly SIP needed
₹9,909a month
- Goal in future rupees
- ₹50,00,000
- Total invested
- ₹17,83,676
- Estimated returns
- ₹32,16,324
- Savings grow to
- ₹0
Assumes the rate stays the same. Actual returns vary.
Year by year
| Year | Total invested | Value |
|---|---|---|
| 1 | ₹1,18,912 | ₹1,26,932 |
| 2 | ₹2,37,823 | ₹2,69,961 |
| 3 | ₹3,56,735 | ₹4,31,131 |
| 4 | ₹4,75,647 | ₹6,12,741 |
| 5 | ₹5,94,559 | ₹8,17,383 |
| 6 | ₹7,13,470 | ₹10,47,979 |
| 7 | ₹8,32,382 | ₹13,07,821 |
| 8 | ₹9,51,294 | ₹16,00,617 |
| 9 | ₹10,70,205 | ₹19,30,547 |
| 10 | ₹11,89,117 | ₹23,02,320 |
| 11 | ₹13,08,029 | ₹27,21,243 |
| 12 | ₹14,26,941 | ₹31,93,297 |
| 13 | ₹15,45,852 | ₹37,25,218 |
| 14 | ₹16,64,764 | ₹43,24,601 |
| 15 | ₹17,83,676 | ₹50,00,000 |
How to use
- Enter the goal amount and the number of years.
- Enter the yearly return you expect.
- Under More options add savings you already have, a yearly step-up or inflation on the goal.
Good to know
The SIP needed is found by reversing the SIP formula: SIP = goal ÷ [((1 + i)^n − 1) ÷ i × (1 + i)], with i the monthly rate and n the months. Existing savings are grown at the same rate and subtracted from the goal first.
If your goal is in today's prices, such as ₹20 lakh for a college course, add inflation so the target becomes the future cost. Education costs in India have often risen faster than general inflation.
A yearly step-up lets you start with a smaller SIP and raise it as your income grows. ₹50 lakh in 15 years at 12% needs about ₹9,909 a month with no step-up.
Questions
How do I calculate the SIP for a target amount?
SIP = Target × i ÷ [((1 + i)^n − 1) × (1 + i)], where i is the yearly return ÷ 12 and n the number of months.
Should I include inflation?
Yes, if your goal amount is in today's prices. Leave it at 0 if you already know the future cost.
What if I already have some savings?
Enter them under More options; they reduce the SIP needed.
Is the return guaranteed?
No. Use a cautious rate and review your plan every year.
Is my data stored?
No. Everything is calculated on your device.