Goal planner

How this is calculated

Future cost = cost × (1 + inflation)^years. Target = future cost − future value of existing savings. SIP = target ÷ ([((1 + i)^n − 1) ÷ i] × (1 + i)).

Worked example

Feeding the SIP back into the SIP calculator reproduces the target.

Assumptions

• A steady return and inflation rate.

Frequently asked questions

Should I invest in equity for short goals?

Goals under three to five years are usually better served by lower-volatility options.