Savings Goal Calculator
Work out how much to save regularly, how long a goal will take, or what your plan will grow to — with inflation and fees handled honestly.
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Required monthly saving
₹12,399.52
Target ₹10,00,000 · projected value ₹10,00,000
- Current savings
- ₹1,00,000
- Future contributions
- ₹7,43,971
- Estimated interest
- ₹1,56,029
- Progress today
- 10%
- Effective annual rate
- 6.17%
To reach ₹10,00,000 by August 2031, you would need to save approximately ₹12,399.52 monthly based on the assumptions entered.
These estimates are for general planning only and are not financial, tax, investment or banking advice. Actual interest, fees, taxes, inflation and product terms may differ.
Loading charts…
Improve this plan
Deterministic what-ifs based on your inputs — not recommendations.
| Change | Projected value | vs target |
|---|---|---|
| Save 10% more each period | ₹9,02,355 | −₹97,645 |
| One extra year | ₹10,07,293 | +₹7,293 |
| Add an initial deposit of one year of contributions | ₹9,94,447 | −₹5,553 |
| Return 1% lower | ₹8,08,397 | −₹1,91,603 |
| Return 1% higher | ₹8,57,692 | −₹1,42,308 |
Yearly savings schedule
| Year | Contributions | Interest | Balance |
|---|---|---|---|
| Year 1 | ₹1,48,794.26 | ₹10,328.59 | ₹2,59,122.85 |
| Year 2 | ₹1,48,794.26 | ₹20,142.94 | ₹4,28,060.05 |
| Year 3 | ₹1,48,794.26 | ₹30,562.62 | ₹6,07,416.93 |
| Year 4 | ₹1,48,794.26 | ₹41,624.96 | ₹7,97,836.14 |
| Year 5 | ₹1,48,794.26 | ₹53,369.60 | ₹10,00,000.00 |
Assumptions and conventions
- The nominal rate and compounding frequency are converted to an exact per-period rate: i = (1 + effective annual rate)^(1/periods per year) − 1.
- The expected return is your assumption and is not guaranteed; savings and investment returns vary.
- Contributions are made at the period timing you select; the annual increase applies every 12 months.
- Fees are an annual percentage of the balance; tax reduces credited interest.
- With inflation set, real values discount at (1 + inflation) per year; a target in today's money is inflated to the goal date.
- Values are calculated at full precision and rounded for display; columns may differ from totals by a small rounding amount.
What this calculator does
Pick the question — how much to save, when you'll get there, what you'll have, or what starting deposit you'd need — and the calculator solves it from the other values. Every answer is verified against a full year-by-year simulation, so the number you see always matches the schedule and chart below it.
The expected return is your assumption, not a promise: savings rates change and investment returns vary. Run the plan at a lower and higher rate (the Improve-this-plan table does this for you) before relying on it.
Formula
Future value = PV·(1+i)ⁿ + PMT·((1+i)ⁿ − 1)/i, where i is the exact per-period rate (1 + effective annual rate)^(1/periods per year) − 1. Beginning-of-period contributions multiply the annuity part by (1+i). With a 0% rate, FV = PV + total contributions.
The required contribution solves this for PMT; time-to-goal simulates period by period. With fees, tax or contribution increases enabled, the solver bisects on the full simulation instead of the closed form.
Assumptions
- The expected annual return is constant and is your assumption — it is not guaranteed.
- Contributions occur at the selected period timing; the annual increase applies every 12 months.
- Fees are an annual percentage of the balance; tax reduces credited interest.
- A goal in today's money is inflated to the target date at the inflation rate you set.
Content and formulas reviewed on 2026-08-06. See our methodology for how calculations are built and tested.
Worked example
Target 10,00,000 in 5 years, starting from 1,00,000, at 6% compounded monthly. The starting balance grows to about 1,34,885, leaving 8,65,115 for contributions. With a monthly annuity factor of 69.77, the required saving is approximately 12,400 per month — the calculator reports 12,399.52 and the schedule lands on the target exactly.
Frequently asked questions
How much should I save each month?
Choose “How much should I save?” and the calculator divides the gap between your goal and what your current savings will grow to by the annuity factor for your timeframe and rate. Test it at a lower return too — the required saving rises quickly if the return disappoints.
What return should I enter?
A rate you could realistically earn on the account or investment you would actually use — a savings-account or deposit rate for short goals, a conservative long-run estimate for invested money. The calculator applies whatever you enter; it does not know current market rates.
What if I already have savings?
Enter them as current savings. They grow for the whole period, so they reduce the required contribution by more than their face value. If they already cover the goal, the calculator says so instead of showing an error.
Does the result include inflation?
Only if you set an inflation rate in the advanced options. You can also mark the goal as being in today's money, in which case the target itself is inflated to the goal date — the honest way to plan for a future purchase.
Why does contribution timing matter?
Beginning-of-period contributions earn interest for one extra period each, which compounds over long horizons. The difference is the whole schedule multiplied by (1 + periodic rate).
These estimates are for general information only and are not financial, tax, legal, or investment advice. Rates, fees, and lending rules vary by lender and country. Actual costs and outcomes may differ from the projections shown.