About this calculator
Enter the goal amount, the years until you need it, an expected return and anything you have already saved. The calculator shows the monthly saving needed.
How to use it
- Enter the goal amount and years to reach it.
- Enter an expected return.
- Enter what you have already saved.
The formula
- i
- monthly return: yearly return ÷ 12 ÷ 100
- n
- months until the goal
Worked example
₹10 lakh in 5 years at 8%, with ₹1 lakh already saved
- ₹1 lakh grows to ₹1,48,985 in 5 years.
- That leaves ₹8,51,015 to build.
- Monthly saving needed: ₹11,505.
What the result means
If the goal is several years away, increase the goal amount for inflation first; use the inflation calculator.
Assumptions
- Saving at the start of each month and a constant return.
Limitations
- Taxes and inflation are not included.
Frequently asked questions
Should I adjust my goal for inflation?
Yes, for goals more than a year or two away. ₹10 lakh of costs today will be more in 5 years.
Where should I save for short goals?
For goals under 3 years, many people use RDs, FDs or debt funds rather than equity.
What if I already have enough?
The calculator shows ₹0 when your savings will grow to the goal by themselves.
For information only. This calculator gives estimates based on the figures you enter and the assumptions listed above. It is not financial advice. Actual amounts depend on the lender’s or institution’s terms, fees, rounding and rate changes. Please confirm with them before you decide.
Last reviewed on 1 October 2026. Found a mistake? Tell us.