Investing without a clear goal often leads to under-saving. That’s why smart investors use goal trackers to calculate exactly how much they need to invest each month to reach a financial target.
Two key approaches are:
- Corpus Tracker: Decide the final amount (goal corpus) and track progress.
- SIP Backsolve: Work backward from your target corpus to find the required monthly SIP.
What Is Goal Tracking in Investing?
- Goal tracking means mapping investments to specific goals — house purchase, child’s education, retirement, or car.
- Instead of vague investing, you know “I need ₹1 crore by 2040” and then track if your SIPs are on target.
Corpus vs SIP Backsolve
| Method | What You Decide | What Calculator Finds | Best For |
|---|---|---|---|
| Corpus Tracker | Monthly SIP | Final Goal Corpus | Checking if your current SIP is enough |
| SIP Backsolve | Final Corpus Needed | Monthly SIP Required | Planning new goals (retirement, education) |
Example — Retirement Goal
- Target Corpus: ₹3 crore in 25 years.
- Expected Returns: 12% annually.
- Using SIP Backsolve → You need to invest ~₹27,000/month.
If you already invest ₹15,000/month, Corpus Tracker shows you’ll only reach ~₹1.7 crore.
Benefits of Goal Tracking
- Aligns investments with life milestones.
- Prevents under-saving for big goals.
- Adapts as income grows (increase SIPs).
- Provides peace of mind with clear targets.
Common Mistakes
- Assuming very high returns (15%+) → may underfund goals.
- Not accounting for inflation → education costs double every 8–10 years.
- Ignoring step-up SIPs → not increasing SIP with income.
Track Your Financial Goals Easily
Use a SIP Calculator or try Groww Goal Tracker to plan retirement, education, or wealth. Track SIP progress with eBharat Tools.
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