Step-Up SIP Calculator – Increase Your SIP Every Year
The Step-Up SIP Calculator helps investors estimate how increasing SIP amount every year boosts long-term wealth. Instead of investing a fixed SIP amount, step-up SIP increases your contribution annually, typically aligned with salary increments.
How Step-Up SIP Works
Unlike regular SIP, step-up SIP increases the monthly investment each year by a fixed percentage.
Formula Used:
Future Value = Compounded monthly investments with annual increment
- Monthly Rate = Annual Return ÷ 12
- SIP increases annually by chosen step-up percentage
- Compounding happens monthly
Why Step-Up SIP Is Powerful
- Matches salary growth
- Faster wealth accumulation
- Higher retirement corpus
- Helps beat inflation
Example
₹5,000 monthly SIP with 10% annual step-up at 12% return for 20 years can generate significantly higher corpus compared to fixed SIP.
Who Should Use This Calculator?
- Young salaried professionals
- Long-term investors
- Retirement planners
- FIRE (Financial Independence) planners
Disclaimer
Returns are assumed and not guaranteed. Mutual fund investments are subject to market risk.