Goal Planning Calculator | Monthly Investment Required

Goal Planning Calculator

What is a Goal Planning Calculator?

A Goal Planning Calculator helps you figure out how much monthly investment you need to reach a future financial goal, such as education, marriage, travel, home buying or retirement.

Step-by-Step Calculation

  1. Adjust current goal cost for inflation
  2. Find future cost of the goal
  3. Calculate monthly SIP needed to reach that amount

Formula Used

Future Cost = Current Cost × (1 + Inflation Rate)Years

SIP Required = Future Cost × (r / ((1 + r)n – 1))

  • r = Monthly return rate
  • n = Total months