Savings Goal Calculator
Target amount · deadline · monthly saving needed
How much do you want to have at the deadline?
Amount already saved — grows at the same return.
Pick any future date — we convert it into months.
Leave blank when using the date picker. Typing here overrides the date.
Use 0 for a plain savings account with no interest.
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Required monthly saving (SIP)
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Time to goal
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Total contributed
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Interest earned
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Growth from interest
Feasibility check
Set your target, deadline and return to see exactly what monthly saving is required.
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How “required monthly saving” is computed
This tool runs the SIP future-value formula backwards. Given a target amount (FV), what you already have (PV), a monthly return i, and n months to go, the required monthly contribution is:
Formula (annuity reversed): PMT = (FV − PV × (1+i)n) ÷ [((1+i)n − 1) ÷ i], where i = annual return ÷ 12 and n = months to deadline. If the return is 0%, it reduces to PMT = (FV − PV) ÷ n — simple division.
Practical goal-planning tips
- Match return to risk and horizon. Use 0–2% for pure cash goals under a year, 4–7% for debt, 10–12% only for long equity horizons.
- Short horizons are unforgiving. If your deadline is under a year, interest barely helps — the required contribution is mostly just target ÷ months.
- More time beats more return. Doubling your timeline roughly halves the required monthly saving; doubling the return does much less.
- Already have savings? Count them. Existing savings compound too — entering them honestly can cut hundreds off the monthly requirement.
- If the number looks impossible, extend the deadline or raise contributions later (step-up) rather than assuming unrealistic returns.