Multi-Goal Life Planner

Use this free financial goal planner to see what all your goals together need from your monthly budget. Add goals such as your child’s education, a home, a car, a vacation and retirement, set the cost, timing, inflation and return for each, and see one total monthly SIP along with the share each goal takes.

How this financial goal planner works

Each goal is worked out separately and then added up. For a standard goal, the planner raises today’s cost by the inflation rate until the year you need the money, subtracts what your existing savings for that goal could grow to, and finds the monthly SIP that would build the rest. For retirement, it estimates your monthly expenses on the day you retire, the corpus needed to fund them until the age you plan up to, and the SIP to build that corpus. The total is the sum of the individual SIPs. For example, a ₹25 lakh course needed in 13 years, a ₹22 lakh home down payment in 5 years, and retirement at 60 for a 30-year-old who spends ₹40,000 a month would need about ₹72,630 a month in total at the starting assumptions. The result is an illustration, not a forecast.

How to use the planner

Start with the goals already shown and change the figures to match your own, or remove them and add others. You can rename any goal. Fill in the optional box with the monthly amount you can invest, to see whether your budget covers the plan. If it does not, try moving a goal further out, lowering its cost, or raising your SIP every year as your income grows. Small changes in timing can change the monthly amount noticeably, so test a few versions. For a closer look at one goal, try our Child Education, Home Down Payment or Retirement calculators.

Why the returns start lower for shorter goals

A goal only a few years away has little time to recover from a market fall, so it usually calls for a more cautious investment mix and a lower expected return than a goal 15 or 20 years away. That is why the home, car and vacation goals start with lower returns than education, marriage and retirement. Every return can be changed, and it is wise to test lower figures as well.

What this planner does not include

The result is before taxes, exit loads and fund expenses. Each goal assumes one steady inflation rate and one steady return, and a SIP that stays the same every month, while real life varies. It does not allow for loans or EMIs, for income that changes, or for money you may need earlier than planned. Goals are worked out independently, so enter any existing savings against one goal only, or the same money will be counted twice.

अक्सर पूछे जाने वाले सवाल (FAQs)

How many goals can I add?

Up to six. If you have more, plan the biggest ones here and use our Goal SIP calculator for the others.

What if my budget is smaller than the SIP needed?

That is common, and it is useful to find out early. You can extend some goals, trim their costs, or start with a smaller SIP and raise it every year. Try our Step up SIP calculator to see the effect. We can also help you decide which goals to put first.

Which goal should I plan for first?

Many planners suggest an emergency fund and adequate insurance first, then goals with fixed dates such as a child’s education, with long-term goals such as retirement running alongside. Our Emergency Fund calculator can help with the first step. The right order depends on your situation.

Is the return shown guaranteed?

No. Mutual fund returns are market-linked and can be higher or lower than the rates you enter. Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Learn more on the AMFI investor awareness site.

Is my information saved?

The calculations run in your browser. The figures you enter are not sent to us or stored unless you choose to send them, for example by using the WhatsApp button.