Goal-based Savings Calculator
Every financial goal has a price tag — and that price tag will be higher in the future due to inflation. This calculator tells you exactly how much you need to save monthly (or invest as a lump sum) to reach any goal comfortably.
🎯 Goal Planning Steps
- 1️⃣ Define the goal and today's cost
- 2️⃣ Set the timeline (when you need the money)
- 3️⃣ Account for inflation to find future cost
- 4️⃣ Calculate the monthly SIP or lump sum needed
- 5️⃣ Start a dedicated investment for this goal
6% is a reasonable India estimate
- Monthly SIP Required
- ₹7,708
- Lump Sum Required Now
- ₹5,76,605
- Target (Today's Value)
- ₹10,00,000
- Inflation-Adjusted Target
- ₹17,90,848
Frequently Asked Questions
Why is inflation-adjusted target important?
A goal that costs ₹10 lakh today will cost more in the future due to inflation. If you plan to buy a car in 5 years at 6% inflation, you actually need ~₹13.4 lakh. Not accounting for inflation leads to a funding shortfall.
What return rate should I use for the calculator?
Use 12–14% for aggressive equity mutual funds, 10–12% for balanced funds, 7–8% for PPF/FD-type instruments. The closer your goal, the more conservative your rate should be.
Should I use SIP or lump sum for goal-based investing?
For long-term goals (5+ years), SIP with annual step-ups is ideal. For goals within 2–3 years, lump sum in a conservative instrument (like debt funds or FD) is safer. The calculator shows both options.
What is a reasonable inflation rate for India?
India's CPI inflation has averaged 5–6% over the past decade. For education goals, use 8–10% as education inflation tends to be higher. For general goals, 6% is a reasonable estimate.
How should I prioritize multiple financial goals?
Prioritize: (1) Emergency fund first, (2) High-interest debt clearance, (3) Retirement (time is irreplaceable), (4) Children's education, (5) Other goals. Use separate investments for each goal to track progress clearly.