Everyone has unique dreams and aspirations. And these individual goals require customised planning and some introspection. You need to figure out the goal, how much time you wish to achieve it in, and how much risk you are willing to take financially
to accomplish that. Your goals can be short-term, medium-term, or long-term. Short-term financial goals usually are the goals to be achieved within a span of one to three years.
Financial goal planning is the method to organise your available money by investing it systematically, phase-wise. It is the financial goal planning that helps you to cut down on unnecessary expenses and utilize savings in investments.
There is the need to plan your investments to achieve your multiple financial goals at the right time. Like a financial planner, you need to select the best investments for your portfolio based on your risk profile. Don’t worry! It is not rocket science.
We present to you a tool that can help you with a sound plan in no time -
Composite Financial Goal Planner Calculator.
This calculator is an easy-to-use tool, just like a
mutual fund calculator or SIP planner. You just need to determine and establish your financial goals and allocate funds to each goal. Enter
the amount you would need to fulfill your financial goals, age, expected rate of inflation, and expected rate of return. That's it. The calculator will suggest how much you need to invest at present to get the appropriate amount
in the future that will be sufficient to meet your financial goals.
The Composite Planner will show you the result for:
- Amount at today's prices
- Number of years to achieve your goals
- Personal goal target (Inflation adjusted)
- Monthly Savings required
All in one go. You can use our Composite Calculator to identify how much you need to invest to achieve your goals.
You can take the rates from the below links and estimate inflation and returns as per official figures.