Savings Goal Calculator
Find how much you need to save monthly to reach a savings goal.
Assumptions used in this calculation
- Deposit timing: Monthly savings are assumed to be deposited at the start of each month (matching the SIP calculator's convention), which slightly reduces the required monthly amount versus end-of-month deposits.
- Return assumption: A constant annual return is assumed for both your current savings and future monthly contributions, actual market-linked returns will vary.
About this calculator
Setting a savings target is easy, working out exactly how much to set aside each month to actually hit it is the hard part, especially once you factor in that any savings you already have will keep growing on their own and should reduce what you still need to contribute. This calculator works backward from your goal amount and time horizon: it projects your current savings forward at your expected return, subtracts that future value from the goal, and inverts the SIP future-value formula to solve for the exact monthly deposit needed to close the remaining gap. That's meaningfully more accurate than dividing the goal by the number of months, which ignores growth entirely and overstates how much you need to save. Use it for any funding target with a deadline, a down payment, a wedding, education costs, or a large purchase, where you want a savings plan grounded in the actual math rather than a rough guess.
Worked example
₹10,00,000 goal in 5 years at 10% expected return, no current savings
Result: Required monthly savings ≈ ₹12,950
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