Easily plan, save, or share your SIP goals in one place.
This SIP calculator is your essential tool for smart and systematic investing. Whether you're a seasoned investor or just starting out, this calculator helps you visualize financial goals based on systematic monthly investments. A Systematic Investment Plan (SIP) lets you invest a fixed amount regularly, leveraging compounding to build wealth. Use either mode to see how your monthly investments grow or to find the exact monthly SIP to reach a goal.
The SIP Calculator by Chimulkar Financial Services is simple and intuitive, with two modes to match your needs.
Mode 1: Monthly Investment (to calculate your corpus)
This mode shows the future value of regular monthly investments.
After input, the calculator shows the estimated total corpus.
Mode 2: Target Amount (to calculate your monthly SIP)
Use this if you have a specific goal (house down payment, education, retirement).
The calculator returns the monthly SIP required to hit your target.
The calculator uses standard financial formulas. Below are the common, widely used forms:
For Monthly Investment Mode:
The final corpus (A) is calculated using the future value of an annuity formula, modified to include the annual step-up.
Without step-up:
$$A = P \times \frac{( (1+i)^n - 1 )}{i} \times (1+i)$$With step-up:
$$A = P \times (1+g) \times \frac{ (1+i)^n - (1+g)^n }{ (1+i) - (1+g) }$$Where:
For Target Amount Mode:
The required monthly SIP amount (P) is calculated by rearranging the future value formula:
Main formula:
$$\mathbf{P} = \frac{\mathbf{A}}{i} \times \left( (1+i)^n - 1 \right) \times (1+i)$$Where the target amount (\(\mathbf{A}\)) is also adjusted for inflation, if that option is used:
$$\text{Inflation-adjusted Target Amount} = \text{Target Amount} \times (1 + \text{inflation rate})^{\text{time period}}$$
Case 1: Monthly Investment
Rohan, aged 25, wants to start investing for his retirement. He wants
to calculate the corpus he can build if he invests
₹5,000 every month. He expects an
annual return of 12% and plans to
invest for 30 years. To account for
his rising income, he opts for a
10% annual step-up on his SIP.
Monthly Investment: ₹5,000
Expected Rate of Return: 12%
Time Period: 30 years
Annual Step-up: 10%
According to our calculator, after 30 years, Rohan would have invested
a total of
₹98.70 lakhs, which could grow to
an estimated ₹4.42 Crores by the
time Rohan turns 55. This example shows how a disciplined, stepped-up
investment can create significant wealth.
Case 2: Target Amount
Priya and Sameer want to save for their newborn daughter's university
education, which is
18 years away. They estimate the
total cost is ₹50 lakhs today. They
expect an annual return of 12%.
They also account for a
6% annual inflation rate.
Target Amount: ₹50,00,000
Expected Rate of Return: 12%
Time Period: 18 years
Impact of Inflation: 6%
The calculator adjusts the target amount for inflation. The future
value of ₹50 lakhs after 18 years at 6% inflation would be
approximately
₹1.43 Crores.
To reach this goal, Priya would need to start a monthly SIP of
₹18,832. This helps them set a
realistic and achievable savings goal today.
