Savings goal calculator
The monthly amount that gets you to your goal on time.
₹10,00,000 (10 lakh) · For example a car, a deposit, a wedding or a course
A savings account or deposit pays less than investments, but is safer for short goals
Adds inflation if your goal amount is in today’s prices
Save each month
₹13,968
for 60 months to reach ₹10,00,000
- Monthly saving needed
- ₹13,968
- You put in
- ₹8,38,072
- Interest earned
- ₹1,61,928
Savings are added at the end of each month and earn the yearly return compounded monthly. Returns aren’t guaranteed.
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How to plan a savings goal
- 1
Enter your goal amount and the number of years.
- 2
Add what you’ve already saved.
- 3
Enter an expected return and, optionally, how fast the price rises.
- 4
Read the monthly saving you need.
Turn a goal into a monthly number
A goal like “a car in four years” or “the down payment for a home” feels far away until you know exactly what it takes each month. Enter the goal, the time you have, what you’ve already saved and an expected return, and the calculator works out the monthly saving that gets you there on time.
A goal planning calculator: find how much to save per month for a target, with what you have already saved.
Example
To build 10 lakh (1,000,000) in 10 years at a 12% expected return, you need to save about 4,347 a month. You put in about 5.2 lakh; returns add the rest. At 7%, the same goal needs about 5,778 a month, which shows why the return you assume matters.
Allow for rising prices
If your goal is priced in today’s money, such as a car, a wedding or a course fee, it will probably cost more by the time you buy. Enter a yearly price rise and the calculator first works out the future price, then the monthly saving for that. A 10 lakh goal in 10 years with 6% price rises becomes about 17.9 lakh.
Choose a realistic return
- Up to 3 years: use a savings account or deposit rate. Short goals can’t wait out a market fall.
- 3–7 years: a mix of deposits and balanced funds.
- 7+ years: equity investments can be considered, with a return that isn’t guaranteed.
How it’s calculated
Savings are added at the end of each month and earn the yearly return compounded monthly; what you’ve already saved grows alongside. To check how regular savings grow instead, use the monthly savings calculator. For investment goals, the SIP calculator has a “SIP for a goal” mode.
Frequently asked questions
How much should I save each month for a goal?
The calculator finds the monthly amount that, with interest, reaches your goal. For 10 lakh in 10 years at 12%, that’s about 4,350 a month.
Why add inflation?
If your goal is priced today, such as a car or a course fee, it will likely cost more later. Inflation turns today’s price into the future price you need to save for.
What return should I assume?
For goals under 3–5 years, use a savings or deposit rate, since short goals shouldn’t depend on the stock market. Longer goals can assume a higher, but uncertain, return.
What if I already have enough?
If your current savings will grow past the goal by the date, the monthly amount needed is zero.