Savings Goal Calculator
Have a target amount and a deadline? This calculator tells you how much to invest every month to get there, allowing for investment growth.
Show solution steps
Ready to start investing?
Partner offers
Open a free Demat & trading account
Start SIPs and buy mutual funds online in minutes.
Open free account →
Invest in top mutual funds
Zero-commission direct plans from leading AMCs.
Explore funds →
We may earn a commission if you sign up through these links, at no extra cost to you.
What is the Savings Goal Calculator?
A savings goal calculator works backwards from a target amount and time frame to tell you the monthly investment required, accounting for the returns your money earns along the way.
How to Calculate
Your current savings are grown to the goal date, the remaining gap is found, and the monthly SIP needed to fund that gap is calculated using the future-value-of-annuity formula.
Formula
Monthly amount solves: gap = P × [((1+i)ⁿ − 1) / i] × (1+i)
How to Use
- Enter the values in the fields above.
- The result updates instantly as you type.
- Use Copy, Print or Download PDF to save your result.
Frequently Asked Questions
What return should I assume?
Use a realistic figure for your investment mix u2014 often 6u20138% for conservative, 10u201312% for long-term equity. Returns are not guaranteed.
What if I already have savings?
Enter them u2014 the calculator grows them to your goal date and only asks you to fund the remaining gap.
Was this calculator helpful?
Thanks for your feedback!