Whether it's a down payment, a car, a wedding or higher studies, a clear target and timeline make saving easier. This calculator tells you how much to save each month to reach your goal, counting what you've already saved.
How the monthly amount is calculated
Current savings grow to: S × (1 + r)ⁿ (monthly compounding)Still needed = goal − grown current savingsMonthly saving = still needed × r ÷ (((1 + r)ⁿ − 1) × (1 + r))r = expected yearly return ÷ 12 ÷ 100, n = months to the goalWorked example
Example: ₹10 lakh in 5 years, ₹1 lakh already saved, 10% return
The ₹1 lakh grows to about ₹1.65 lakh.
You need to save about ₹10,700 a month for the rest.
Choosing where to save
- Goals under 3 years: RD, FD or debt funds, where the amount won't fall.
- Goals 3–5 years away: hybrid or balanced funds, or a mix.
- Goals over 5 years: equity funds through a SIP, moving to safer options in the last 1–2 years.
- Set the goal in future rupees: a ₹10 lakh car today may cost ₹12–13 lakh in five years. Use the inflation calculator.
How to use this calculator
- Enter the goal in today's rupees and how many years away it is.
- Add what you've saved and an expected return.
FAQs
What return should I use for short goals?
For goals under 3 years, use a lower, safer return such as an FD rate.
Results are estimates and aren't financial advice. For decisions about your own money, check with a qualified adviser. Spotted a mistake? Tell us.