Skip to content
Expensico

Savings Goal Calculator

Find the monthly saving needed to reach a goal by a target date, accounting for expected returns, inflation and money already saved.

Runs in your browser. Everything you enter stays on your device. Nothing is sent to a server.

How to use the Savings Goal Calculator

  1. Enter what your goal costs today and how many years away it is.
  2. Add anything you've already saved for it.
  3. Set an expected return and, optionally, adjust the goal for inflation.
  4. Read how much to save each month.

How the monthly saving is calculated

First, existing savings are grown to the goal date. The remaining gap is then divided using the future-value-of-annuity formula:

Monthly saving = gap × r / ((1 + r)^n − 1)

where r is the monthly return and n the number of months. With inflation adjustment, the goal grows by (1 + inflation)^years first.

Matching investments to the goal's timeline

  • Under 3 years: savings accounts, FDs, RDs or liquid funds — certainty matters more than return.
  • 3–7 years: a mix, such as hybrid funds and deposits.
  • 7+ years: equity funds via a SIP have historically beaten inflation, with ups and downs along the way.

Example

  • ₹10 lakh in 5 years at 10% a year needs about ₹12,914 a month.
  • If ₹2 lakh is already saved, the requirement falls to about ₹8,664 a month.

Frequently asked questions

What if the goal is very close?

For goals less than a year away, assume a low or zero return — the calculator then simply divides what's left by the number of months.

Is what I enter stored or sent anywhere?

No. Calculations and processing happen in your browser. Nothing you type is sent to our servers. Some tools remember your last input in this browser's local storage for convenience; you can clear it at any time.