Financial Goal Planning Calculator
Plan your financial goals - house, car, education, retirement. Calculate how much to invest monthly to achieve your dreams.
Goal Planning Calculator
Calculate required SIP to achieve your financial goals
Project future goal amount with inflation
Required SIP
₹37,202.755
Future Goal
₹89.54 L
Required Corpus
₹86.44 L
Current Savings (Future Value)
₹3.11 L
Goal Progress Projection
Goal Planning Calculator - Frequently Asked Questions
Q1.What is goal-based financial planning?
Goal-based planning means identifying specific financial goals (house, car, education, retirement) and creating investment plans to achieve them. Instead of random investing, you calculate how much to invest monthly/yearly to reach each goal by its target date, accounting for inflation and expected returns.
Q2.How to set realistic financial goals?
Follow SMART criteria: Specific (₹50L house), Measurable (track progress), Achievable (based on income), Relevant (aligns with priorities), Time-bound (in 10 years). Prioritize goals as short-term (<3 years), medium-term (3-7 years), long-term (>7 years). Account for inflation - ₹50L house today may cost ₹90L in 10 years at 6% inflation.
Q3.How much should I invest for my child's education?
Education costs inflate at 8-10% annually. For undergraduate degree costing ₹20L today, you'll need ₹40-50L in 15 years. For foreign education (₹50L today), you'll need ₹1-1.5Cr in 15 years. Start SIP early - ₹10,000/month for 15 years at 12% return gives ₹50L. Use our calculator for precise planning.
Q4.What investment options for different goal timelines?
Short-term (<3 years): Debt funds, FDs, liquid funds (6-8% returns). Medium-term (3-7 years): Balanced funds, debt funds (8-10%). Long-term (>7 years): Equity mutual funds, PPF, NPS (12-15%). Higher the timeline, more equity allocation for better inflation-beating returns. Shift to debt as goal approaches.
Q5.How to plan for multiple financial goals simultaneously?
Prioritize goals by urgency and importance. Allocate investments proportionally - e.g., 40% for retirement, 30% for child's education, 20% for house, 10% for emergency fund. Use separate SIPs for each goal. Review annually and rebalance. Start with high-priority goals if budget is limited, then add others as income grows.