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Target Amount SIP Calculator
Results
| Target Amount | Future Value of Existing Investment | Monthly Investment Required |
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Disclaimer: Results shown here are for illustrative purposes only and should not be construed as investment advice.
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What Is A Target Amount SIP Calculator
A “Target Amount SIP Calculator” helps you determine the monthly investment needed to achieve a specific financial goal like like vacation planning, buying a car, buying a house, children education over a period of time.
How To Use Target Amount SIP Calculator
It’s very simple to use the Target Amount SIP Calculator. Find out how much amount you need to save in to achieve the particular goal.
- Enter the target amount – Enter how much you need for the target/Goal like vacation, house purchase or child education.
- Enter the existing investment – Enter how much of existing investment you want to use to fulfill the Goal.
- Enter the number of years to target – Enter how many years are left before you want to achieve your goal.
- Enter the expected return (%) – Enter How much you expect your investments will return annual in a reasonable manner.
Once you enter above details, click on the calculate button. The tool will display the following details: –
- Target amount – This is the same amount you had entered as target amount.
- Future value of investment amount – This is the expected value of your investment when you are going to achieve your goal.
- monthly investment required – this will be the amount you need to invest on a monthly basis till the time you want to achieve your goal. If you are unsure of whether you can afford the monthly investment or not, use a budget calculator to figure out.
FAQs On Target Amount SIP Calculator
The results are based on the inputs provided and the assumption that the expected returns remain constant throughout the investment period and compounded annually. Actual returns can vary due to market fluctuations, usage of a different compounding methodology and other factors.
Yes, the calculator stores up to 5 of your latest calculations, allowing you to compare different scenarios easily.
This calculator is designed for Systematic Investment Plans (SIPs) and may not be suitable for all types of investments. Consult with a financial advisor for personalized advice.
Yes, the results shown by the calculator are for illustrative purposes only and should not be construed as investment advice. Always consult with a financial advisor before making investment decisions.
To calculate the target amount, determine the total sum of money you need to achieve your financial goal. This could be for retirement, buying a house, or any other long-term goal.
Goal-based SIP is an investment strategy where you start a Systematic Investment Plan (SIP) with a specific financial goal in mind. The investment amount and duration are determined based on the goal you want to achieve.
The amount of SIP you should do depends on your financial goals, the target amount, the duration of the investment, and the expected rate of return. The Target SIP Calculator helps you determine the required monthly SIP amount based on these factors.
The SIP amount can be calculated using the Target SIP Calculator. You need to input the target amount, existing investment, number of years to target, and expected returns. The calculator will provide the required monthly SIP amount.
To calculate the target, identify your financial goal and determine the amount of money you need to achieve it. Consider factors like inflation, the time frame, and any existing investments.
The total target amount is the sum of money you aim to accumulate by the end of your investment period to meet your financial goal. This includes contributions from existing investments and the monthly SIP contributions over the investment period.
If you have any feedback/ suggestions about the “target amount SIP calculator”, please send them to contact@lifespectrum360.com.
6 thoughts on “SIP To Target Amount Calculator”
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