Goal-Based Investment Calculator
Turn your dreams into reality. Calculate the monthly investment needed to achieve your financial goals.
Goal Inputs
Investment Plan
Required Monthly Investment (SIP)
₹20,017
Total Investment
₹36,03,025
Wealth Gained
₹63,96,975
Growth Projection
What is a Goal-Based Investment Calculator?
A Goal-Based Investment Calculator is a tool that helps you create a roadmap for your financial aspirations. Whether you're saving for a new car, a down payment on a house, your child's education, or retirement, this calculator determines the monthly investment required to reach your target amount within a specified timeframe.
How to Use Our Goal-Based Investment Calculator
- Enter the total amount you need for your financial goal in the 'Target Amount' field.
- Input the expected annual rate of return on your investments in the 'Expected Rate of Return (%)' field.
- Specify the number of years you have to achieve this goal in the 'Investment Period (Years)' field.
- Click 'Calculate' to find out the monthly investment (SIP) required to reach your target.
Frequently Asked Questions (FAQs)
What is goal-based investing?
Goal-based investing is an investment strategy where you set specific financial goals (e.g., buying a house, funding education) and create a tailored investment plan to achieve them. It helps you stay focused and choose the right investment products for each goal.
How does this calculator help in goal planning?
Our calculator helps you quantify your financial goals. By entering the target amount, the time horizon, and the expected rate of return, it calculates the monthly investment (SIP) required to reach your goal, making your financial planning more concrete and actionable.
Should I consider inflation while planning for a goal?
Yes, absolutely. Inflation erodes the value of money over time. A goal that costs ₹10 lakh today will cost significantly more in the future. While this calculator does not have a separate inflation input, you can adjust for it by using a lower "real rate of return" (Expected Return Rate - Inflation Rate).
What kind of investments should I choose for my goals?
The choice of investment depends on your goal's time horizon and your risk tolerance. For long-term goals (5+ years), you can consider equity mutual funds. For short-term goals, debt funds or fixed deposits are generally more suitable.