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Finance Calculators

Savings Goal Calculator

Verified formula Updated Jun 2026 Private — runs on your device

Enter details
₹
%
5 years
1 years40 years
Verified formula Private

Monthly saving needed

₹13,610

Total you invest
₹8,16,584
Returns earned
₹1,83,416

For general information only — not financial, tax, legal or medical advice. Verify before you rely on it.

How to use the Savings Goal Calculator

The Savings Goal Calculator works out your monthly saving needed, along with 2 related figures in an instant. Enter savings goal, expected return (p.a.) and time to goal and the result updates as you type — it is free, needs no sign-up, and runs entirely in your browser so your figures stay private.

  1. Enter the savings goal.
  2. Enter the expected return (p.a.).
  3. Set the time to goal.
  4. Read off your monthly saving needed, together with total you invest and returns earned — the calculator updates automatically, with no button to press.

Formula

The Savings Goal Calculator uses the formula:

Monthly saving needed = Savings goal × (Expected return (p.a.) ÷ 100 ÷ 12) ÷ ((1 + Expected return (p.a.) ÷ 100 ÷ 12)^(Time to Savings goal × 12) - 1)

Worked example

For example, with savings goal of ₹1,000,000, expected return (p.a.) of 8% and time to goal of 5 years, the monthly saving needed is ₹13,610.

Inputs used
Savings goal ₹1,000,000
Expected return (p.a.) 8%
Time to goal 5 years
Results
Monthly saving needed ₹13,610
Total you invest ₹8,16,584
Returns earned ₹1,83,416

Results are estimates for educational use, not professional advice.

Frequently asked questions

The calculator works backwards from your goal, time frame and expected return to find the monthly amount. To reach 10,00,000 in 5 years at 8%, you would invest about 13,610 a month.

Money you invest earns returns along the way, so part of your goal comes from growth rather than your own contributions. A higher expected return lowers the monthly saving needed.

No. Investment returns vary and can be negative in some years. Use a realistic long-term estimate and review your plan regularly.

Yes. It assumes equal contributions at the end of each month, compounding monthly, which matches a typical recurring investment.

The Savings Goal Calculator uses the formula: Monthly saving needed = Savings goal × (Expected return (p.a.) ÷ 100 ÷ 12) ÷ ((1 + Expected return (p.a.) ÷ 100 ÷ 12)^(Time to Savings goal × 12) - 1). For example, with savings goal of ₹1,000,000, expected return (p.a.) of 8% and time to goal of 5 years, the monthly saving needed is ₹13,610.

Enter the savings goal. Enter the expected return (p.a.). Set the time to goal. Read off your monthly saving needed, together with total you invest and returns earned — the calculator updates automatically, with no button to press.

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