How this calculator works
Instead of projecting forward from a monthly amount, this tool works backward from a target: given a goal amount, a time horizon, and an assumed return, it solves for the monthly SIP required to reach that goal exactly.
FAQs
What if I already have some savings toward this goal?
Subtract your current savings' projected future value from the goal amount first, then calculate the SIP needed for the remaining gap — this calculator assumes you're starting from zero unless you adjust the target accordingly.
Should I increase the SIP over time for this goal?
If your income grows reliably, yes — a step-up approach can reach the same goal with a smaller starting SIP. See the Step-Up SIP Calculator to model that.