Goal Planning Details
Goal Planning Summary
Your financial goal cost and required investment plan
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Future Cost
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Monthly Investment Needed
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Total Investment
Investment Growth vs Goal Cost
Disclaimer: This calculator provides estimates only. Actual costs may vary based on various factors. Investment returns are not guaranteed. Always consult with a financial advisor for personalized planning.
Why Plan for Financial Goals?
Financial goal planning is essential for achieving your life's important milestones. Whether it's education, marriage, home purchase, or retirement, proper planning ensures you're financially prepared.
- Inflation Impact: Costs increase over time, making early planning crucial
- Compound Growth: Regular investments grow exponentially over time
- Peace of Mind: Knowing you're on track to achieve your goals
- Better Returns: Long-term investments typically offer better returns
How Our Goal Planning Calculator Helps:
- Calculates future cost considering inflation
- Determines monthly investment needed
- Shows total investment over the period
- Provides visual representation of growth
Formula Used:
Future Value = Present Value × (1 + Inflation Rate)^Years
Monthly SIP = Future Value × Monthly Rate / ((1 + Monthly Rate)^Total Months - 1)
Where: Monthly Rate = Annual Return / 12, Total Months = Years × 12