Goal Planner: monthly SIP needed for a future goal
Goals get more expensive over time. This planner raises the cost of your goal by an assumed inflation rate, subtracts what you have already saved, and tells you the monthly SIP that could bridge the gap at an assumed return.
How it is calculated
Future cost = cost today × (1 + inflation)^years. Required SIP = shortfall × i ÷ [((1 + i)^n − 1) × (1 + i)], where i is the monthly return and n the number of months.
Worked example
A goal costing ₹25,00,000 today, needed in 12 years with 6% inflation, costs about ₹50,30,491 then. At an assumed 11% return that needs a SIP of about ₹16,793 a month.
Frequently asked questions
What inflation rate should I use?
Education and healthcare costs often rise faster than general inflation. Try a few rates to see the effect.
Should I use equity for a goal that is 2 years away?
Short goals leave little time to recover from a fall. Your distributor can explain how time horizon relates to risk.
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