Savings Goal Calculator
Work out exactly how much to save monthly to hit any goal — travel, home, education.
Want ₹10 lakh in 5 years earning 8%? You need to save about ₹13,500/month. The math is unforgiving but useful: a goal with a number and a date stops being a wish and becomes a plan. Start with the monthly figure, automate it, and review yearly.
How to use the savings goal calculator
- Enter your target amount and deadline.
- Set a realistic expected return.
- See the monthly savings required.
Savings Goal Calculator — FAQs
How much should I save each month?
A common target is 20% of take-home pay. For a specific goal, divide the target by months left — then adjust for expected returns with this calculator.
Where should I keep goal money?
Match the vehicle to the timeline: under 1 year → savings account/RD; 1–3 years → RD/debt funds; 3+ years → equity SIPs.
What if I can’t save the required amount?
Extend the deadline, trim the target, or raise returns slightly (with more risk). Small changes compound — ₹2,000/month extra is ₹1.2 lakh over 5 years before returns.
Should I save or invest for my goal?
Saving preserves capital; investing grows it. For goals beyond 3 years, investing usually wins after inflation.
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