About the SIP Goal Calculator
The SIP Goal Calculator helps you find the monthly SIP required to reach a financial target. Enter your target corpus, current investment, expected return and time period to estimate the monthly SIP needed for goals such as retirement, child education, home down payment or wealth creation.
How the Calculation Works
The mathematical formula used by this calculator is: Monthly SIP = Remaining Target / SIP Future Value Factor. The calculator compounds your current investment to the goal year, subtracts it from the target amount, and divides the remaining target by the SIP future value factor based on expected monthly returns.
Key Benefits
- Plan goal-based SIPs
- Know exact monthly investment needed
- Include existing investments
- Test return and tenure scenarios
Frequently Asked Questions
How much SIP is needed to make Rs 1 crore?
It depends on time and expected returns. At 12% annual return, reaching Rs 1 crore in 15 years needs roughly Rs 20,000 per month. A longer period reduces the required monthly SIP.
What return rate should I use for SIP goal planning?
For equity mutual funds, many investors use 10% to 12% as a long-term assumption. Conservative investors may use 8% to 10%. Actual returns are market-linked and not guaranteed.
Can this calculator include my existing mutual fund investment?
Yes. Enter your current investment amount. The calculator estimates its future value and calculates SIP only for the remaining target gap.
Is SIP goal calculator different from SIP calculator?
Yes. A normal SIP calculator tells future value for a fixed monthly SIP. A SIP goal calculator works backward and tells the monthly SIP needed to reach a target corpus.