What is the Goal Planning Calculator?
Estimate a starting monthly contribution toward one inflation-adjusted goal, allowing for entered savings. Returns and inflation are user assumptions, not forecasts or product recommendations.
How does it work?
The goal cost and current savings are projected separately. The positive gap is funded by equal beginning-of-month contributions using annual return divided by 12. Existing savings compound annually. This tool does not implement a step-up schedule, a tax saving calculation or a recommended product mix.
Worked example
A Rs 1,20,000 goal one year away, with no inflation, savings or investment return, requires Rs 10,000 per month. Adding Rs 60,000 of current savings reduces the zero-return monthly amount to Rs 5,000.
When to use this calculator
- 1Compare a goal's cost, date and return assumptions.
- 2Use the separate step-up SIP tool when contributions are intended to grow.
Common mistakes to avoid
- ✕Assuming a projected amount is guaranteed.
- ✕Interpreting the monthly contribution as a recommendation to use a particular fund or tax product.
- ✕Expecting this equal-contribution model to include annual contribution increases.
Frequently asked questions
- Does it model tax benefits?
- No. Taxes, fees and deduction eligibility are not calculated.
- How should returns be interpreted?
- As sensitivity inputs. Compare lower and higher assumptions without treating either as an expected market outcome.