Plan for any financial goal — child's education, dream wedding, new home, or world tour. Calculate the SIP or lumpsum needed with inflation adjustment.
One of the biggest mistakes in financial planning is ignoring inflation. When you set a goal amount in today's value, you need to account for how much that goal will actually cost in the future.
Our calculator automatically inflates your goal amount so you save the right amount — not less than what you will actually need.
Both approaches have their merits, and the right choice depends on your situation:
Typical cost: ₹20–50 lakh (India), ₹80 lakh–₹2 crore (abroad)
Time horizon: 15–18 years from birth
Strategy: Start a SIP at birth. Use equity funds for 15+ year horizons. Begin shifting to debt 2–3 years before the goal date. Consider Sukanya Samriddhi for a girl child (7.6% tax-free).
Typical cost: ₹10–50 lakh
Time horizon: 5–15 years
Strategy: Factor in 8–10% inflation for wedding costs. Use balanced funds for 5–10 year horizons. Involve the whole family — joint goal planning reduces individual burden.
Typical cost: 20–30% of property value (₹10–30 lakh)
Time horizon: 3–7 years
Strategy: Use a mix of large-cap equity and debt funds. Shorter horizon means lower risk tolerance. Keep funds liquid as you approach the target date. Factor in stamp duty and registration charges (5–8% extra).
Start by estimating the current cost of the education you desire (e.g., ₹20 lakh for engineering, ₹50 lakh for MBA abroad). Inflate it by 8–10% per year for education inflation. Then use the goal calculator to find the monthly SIP needed. Start early — even ₹5,000/month SIP started at birth can grow to ₹35–40 lakh by the time your child is 18.
Absolutely yes! Inflation is critical in goal planning. A goal that costs ₹20 lakh today will cost approximately ₹36 lakh in 10 years at 6% inflation, and ₹64 lakh in 20 years. Our calculator automatically adjusts for inflation to give you realistic target amounts, so you do not fall short.
SIP is better for most people because: (1) it is more practical as most people earn monthly salaries, (2) it benefits from rupee cost averaging which reduces market timing risk, and (3) it builds investment discipline. Lumpsum is better only if you have a large amount available and the market is at reasonable valuations. The best approach is to combine both.
For equity mutual funds over 7+ years, assume 10–12% returns. For 3–7 year goals, use a balanced approach (8–10%). For goals under 3 years, use debt instruments (6–7%). Being conservative in your assumptions ensures you actually achieve your goals rather than falling short.
Plan for all major goals simultaneously but prioritize them. Essential goals (retirement, emergency fund, children's education) come first. Aspirational goals (vacation, luxury car) come next. Use separate SIPs or mutual fund folios for each goal to track progress independently. This structured approach is called "goal-based investing" and is far more effective than ad-hoc saving.
Get a personalized goal-based investment plan from Aryan Madaan (ACCA) at Omzato Accounting, Panchkula. Your first consultation is absolutely FREE.
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