Baby Savings Goal Calculator
Plan any long-term financial goal for your child — first car, marriage, home down payment, or a lump-sum gift. Get the monthly SIP required to reach the goal by any target age.
Plan Any Goal for Your Child
Why Set Financial Goals for Your Child?
Every big childhood milestone — first bicycle, laptop for college, first car, wedding, or seed money for their first home — costs a lot more tomorrow than it does today. A ₹10 lakh goal today grows to ₹28.5 lakh in 18 years at 6% inflation. A structured SIP started at birth turns compounding into your closest ally.
The SEBI Investor Education initiative recommends goal-based investing — assigning a specific SIP to each goal — as the most reliable path for Indian families to build long-term wealth for their children.
How the SIP Is Calculated
The calculator uses three steps:
Step 1 — Inflate today's goal:
Future Goal = Today's Amount × (1 + Inflation)Years
Step 2 — Grow current savings:
Savings FV = Current Savings × (1 + Return)Years
Step 3 — Monthly SIP to bridge the gap:
SIP = (Gap × r) / (((1 + r)n − 1) × (1 + r))
Example: ₹10 lakh goal today for a newborn, needed at age 18 (18 years) at 6% inflation grows to ₹28.5 lakh. With 0 current savings and 12% return, the SIP works out to approximately ₹3,721/month.
Popular Baby Savings Goals in India
| Goal | Today (₹) | In 18 Years (₹) | SIP @ 12% (₹/mo) |
|---|---|---|---|
| First bicycle (age 8) | 30,000 | 48,000 | 280 |
| Study laptop (age 15) | 80,000 | 1.9 lakh | 400 |
| First car (age 22) | 8 lakh | 32.3 lakh | 2,940 |
| Marriage corpus (age 25) | 20 lakh | 96.6 lakh | 6,270 |
| Home down payment (age 28) | 30 lakh | 1.72 crore | 8,300 |
| Seed capital / gift (age 21) | 50 lakh | 1.7 crore | 17,300 |
Assumes 6% inflation, 12% equity SIP return, starting from birth (age 0).
Smart Habits to Reach Your Goal Faster
- Start on Day 1 — even ₹1,000/month from birth grows to ₹7.6 lakh by age 18 at 12%.
- Step up your SIP annually by 10% as income rises. Try our Step-Up SIP Calculator.
- Diversify by timeline — equity for goals 10+ years away, hybrid for 5-10 years, debt/FD for under 5 years.
- For girl child — combine SSY (8.2% tax-free) with an equity SIP; SSY alone won't beat inflation-adjusted big goals.
- Automate the SIP via ECS/UPI mandate — the number one predictor of goal completion.
- Review annually — check if your corpus is on track; rebalance between equity and debt as the goal nears.