Goal Planner

A Financial Goal Planner is a tool that helps you calculate how much you need to invest periodically (monthly) to accumulate a specific target amount within a given time frame.

Your current savings grow through compounding over the tenure. This reduces the remaining target (shortfall), thereby lowering the required monthly investment needed to reach your goal.

In this case, your remaining target (shortfall) is negative, meaning no further monthly investments are required. Your current savings alone are sufficient to achieve the goal.

For a 5-year horizon, a hybrid mutual fund or balanced advantage fund is generally suitable. They offer a mix of equity growth and debt stability, targeting a return of 10-12% p.a.

A standard SIP calculator tells you how much wealth you will accumulate for a given monthly investment. A Goal Planner works in reverse: you enter the target wealth, and it tells you the required monthly investment.

Inflation increases the cost of your goals in the future. For example, a car costing ₹10 Lakhs today might cost ₹13 Lakhs in 5 years. It is best to adjust your Goal Target Amount upward to account for inflation.

Yes! Stepping up your investment annually is highly recommended. It helps you reach your target much faster or allows you to start with a lower initial monthly savings target.

For long-term goals (10+ years) invested in equity mutual funds, an expected return rate of 12% p.a. is a standard, reasonable assumption.

No. Mutual fund and stock market returns fluctuate. The calculator assumes a constant rate of return, but in reality, your returns will vary. It is wise to review your progress annually.

Yes. You should run the calculator separately for each of your financial goals (e.g. retirement, child education, home purchase) to determine your total required monthly savings pool.