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Home / Calculators / Goal SIP calculator with step-up

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Goal SIP calculator with step-up

A child's degree, a wedding, a home down payment: what it will cost when the day comes, and the SIP to start with today if you raise it a little every year.

What the degree, wedding or down payment would cost if you paid for it today.
Assumption. 9% is a cautious placeholder for private education fees — official CPI education inflation has been under 4% recently. About 6% suits general goals.
Your own assumption, not a forecast or a promise. Use a lower figure for goals only a few years away.
In line with a typical yearly raise. Set to 0 for a flat SIP.
Start your SIP at—
The goal will cost—
If you never increased it, you would need—
Your SIP in the final year—
Or a one-time investment today of—
Total you would invest—
Existing savings will grow to—
Already on track
—
Gap
—

Educational tool with simplified assumptions. Returns are not guaranteed; actual results will differ. This is not investment, tax or legal advice.

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How it works

The maths, in plain English.

Step 1 — the future cost. Today's cost × (1 + inflation)years. At 9%, a cost doubles in about eight years and is 3.6 times higher in fifteen.

Step 2 — the gap. What you have already set aside is grown at your assumed return and subtracted.

Step 3 — the SIP. The headline is a monthly SIP that starts small and rises once a year — by 10% unless you change it — the way most people save as their income grows. Instalments go in at the start of each month and compound at one-twelfth of the yearly return, the same convention as our retirement calculator. The flat SIP and the one-time investment that reach the same figure are shown for comparison.

Which inflation? There is no single official number for the fees you will face. The education services component of the Consumer Price Index rose 3.73% in the year to August 2026 (MoSPI, provisional), yet fee increases at private schools and professional colleges are widely quoted at 8–12% a year — figures that come from industry surveys, not official statistics. The 9% default is our planning assumption; look at your own target institution's fee history and change it.

Assumptions. Steady returns and inflation; real markets are uneven, and the shorter the horizon the less time there is to recover from a fall. Tax is ignored: gains on equity funds above ₹1.25 lakh a year are taxed at 12.5% when sold after a year. The calculator does not suggest where to invest.

Sources (checked 19 Sep 2026). MoSPI Consumer Price Index releases (education services, Aug 2026 provisional, as charted by ChartForest) · Step-up SIP convention: as in the retirement calculator on this site

Questions

FAQ

How much should I invest every month for my child's education?
Start from what the course costs today, inflate it to the year your child will need it, and solve for the SIP. For a ₹20 lakh cost today needed in 15 years, at 9% inflation and an assumed 11% return, the goal becomes about ₹72.8 lakh and the SIP starts near ₹9,100 a month if you raise it 10% every year, or about ₹15,900 if you keep it flat.
What inflation should I assume for education costs in India?
Official CPI education inflation has recently been under 4% a year, but fees at private and professional institutions are widely reported to rise 8–12% a year. This calculator defaults to 9% as a cautious assumption. Check the fee history of the institutions you have in mind.
What is a step-up SIP and why is it the headline number?
A SIP that rises by a fixed percentage every year. Because incomes usually grow, a stepped-up SIP can begin at a little over half the flat amount and still reach the same goal. Set the step-up to 0% to see the flat SIP.
Is the result after tax?
No. Long-term gains on equity mutual funds above ₹1.25 lakh a year are taxed at 12.5%, and gains on debt funds at slab rates. For a large goal, allow for tax when you withdraw.
Which fund or child plan should I use?
This site does not recommend funds, insurance plans or any other product, and the calculator is not investment advice. It only shows the arithmetic of reaching an amount under the assumptions you enter.
What if my goal is less than five years away?
The arithmetic is the same, but the assumption matters more: there is little time to recover from a bad year. Many people use a much lower return assumption for short goals. Try 6–7% and see what the SIP becomes.

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