Savings Goal Calculator
Find out exactly how much to save every month to reach any financial goal on time.
How This Calculator Works
This is the inverse of a standard SIP future-value calculation: instead of projecting how a fixed monthly contribution grows, we solve backward from your goal amount to find the exact monthly contribution needed — given your time horizon and expected rate of return — to reach that goal.
Tips for Reaching Your Goal Faster
- Automate your monthly savings so contributions happen consistently, without relying on willpower.
- Match your investment choice to your timeline — shorter goals call for safer, more liquid options.
- Revisit your goal amount periodically to account for inflation, especially for goals 5+ years away.
Frequently Asked Questions
How is the required monthly savings amount calculated?
This is the inverse of a SIP future-value calculation — given your goal amount, time horizon and expected rate of return, we solve for the fixed monthly contribution needed to reach that goal exactly at the end of the period.
What return rate should I assume for a short-term goal?
For goals under 3 years, a conservative return (savings account, fixed deposit or liquid fund — roughly 5-7%) is safer than assuming equity-like returns, since there is less time to recover from market volatility.
Can I use this for any financial goal?
Yes — this works for any goal with a target amount and timeline, such as a down payment, wedding, vacation, education fund, or emergency fund.
What if I already have some savings toward this goal?
Subtract your current savings from the goal amount before entering it here, since this calculator solves for the additional monthly amount needed to reach the remaining target.