Reva Money · Calculators · Goal SIP calculator
Find the monthly SIP you need to reach a target amount by a date, and how much less you need if you start earlier.
| Target amount | ₹1.00 Cr |
|---|---|
| Years to the goal | 15 years |
| Expected return a year | 12% |
| Monthly SIP you need | ₹19,819 |
| You put in | ₹35.67 L |
| Growth | ₹64.33 L |
| Starting 5 years sooner | ₹10,009 a month |
The calculator works the SIP formula backwards: it finds the monthly amount that grows to your target in the time you have.
Formula: SIP = Target ÷ ([((1 + i)^n − 1) ÷ i] × (1 + i)), where i is the yearly return ÷ 12 and n the number of months.
About ₹19,819 a month at 12% a year.
Yes, if the goal is a cost in the future. Use the inflation calculator first to find what today’s cost will be, then plan for that.
No. A mutual fund’s return depends on the market, and past returns don’t promise future ones. The calculator shows what a steady yearly return would give, so you can compare amounts and time.
Illustrative only. These figures assume steady returns, which real investments don’t give. They are not investment advice.