Savings Goal Calculator
Instant results as you type.
₹
years
%
₹
Save this much a month
₹13,519.60
Gap left after what you have₹10,00,000.00
What you already saved grows to₹0.00
Total you will put in₹8,11,175.82
Earned rather than saved₹1,88,824.18
Reading thisStarting from nothing, at the return you entered. Raise the return and the monthly figure falls — but so does the certainty of reaching the goal.
For education and planning only. Your bank or lender’s actual figures can differ — fees, rounding, day-count conventions and local rules vary. Always confirm the final numbers with your provider before deciding.
Every other calculator in this family answers the same question forwards: here is what I can save, what will it become? This one runs it backwards. You already know the number you need and the date you need it by — a deposit on a flat, a course fee, a wedding — and the thing you do not know is what that means for you every month between now and then. That is the number this works out.
How to use it
- Enter what you need and when you need it by.
- Set the return you expect. If the money will sit in a current account, put zero — the honest answer is often the useful one here.
- Enter anything you have already put aside for this goal.
- The monthly figure appears, along with how much of the target you will contribute and how much the growth does for you.
Examples
- 10 lakh in 5 years at 8% needs about 13,520 a month — you contribute 8.1 lakh and growth covers the rest
- The same goal with 2 lakh already saved drops to about 9,547 a month, because the existing amount grows too
Frequently asked questions
- How is this different from a SIP calculator?
- It is the same arithmetic solved for a different unknown. A SIP calculator takes the monthly amount and tells you the maturity value; this takes the maturity value and tells you the monthly amount. People arrive with one or the other already fixed, and being handed the wrong one means doing trial and error until the answer lands near the number you needed. If you want to check it, take the monthly figure this gives you and put it into the SIP calculator — you should get your goal back.
- What return should I assume for a savings goal?
- Lower than you would for a twenty-year investment, and the shorter the goal the lower it should be. Money you need in three years cannot afford a bad third year, so it usually belongs somewhere dull — a deposit, a liquid fund, a savings account — where the rate is modest but the money is actually there on the day. Assuming an equity return on a short goal makes the monthly figure look comfortable and quietly moves the risk onto the deadline. If the goal is far enough away to ride out a fall, a higher rate is defensible.
- Why does money I have already saved cut the monthly figure so much?
- Because it does not sit still. Anything already put aside keeps growing for the whole period as well, so it is worth more than its face value by the time the goal arrives, and the monthly instalment only has to cover the gap that remains. Two lakh saved towards a ten-lakh goal five years out is not two lakh of the work done — at 8% it grows to nearly three lakh on its own. This calculator shows that grown figure separately so you can see where the reduction comes from rather than having to trust it.
- What if I cannot afford the monthly amount?
- Then something in the plan has to move, and it is better to decide which now than to discover it later. There are only four levers: give it more time, reduce the target, save more, or accept more risk for a higher return. The first two are usually the honest ones. Raising the assumed return is the tempting lever because it makes the monthly figure fall immediately without you doing anything — but nothing has actually changed except the assumption, and a goal that only works at 14% is a goal that does not work.