Savings goal calculator tells you exactly how much to set aside each month to hit a target by a deadline.
About this calculator
Savings goal calculator tells you exactly how much to set aside each month to hit a target by a deadline. Enter the goal (wedding fund, car down payment, house corpus, child's education), what you have saved today, the return you expect from FD or debt funds, and the number of years.
The engine compounds your current balance forward, then solves for the monthly deposit that fills the gap. A ₹5 lakh goal in 3 years with ₹50,000 already saved at 7% needs roughly ₹11,000/month — less if you start with more or extend the timeline.
Compare return assumptions with the [[fd]] and [[sip]] calculators. For a home down payment, link to [[emi]] and [[home-affordability]]. Interest earned may have tax implications — check [[income-tax]] on FD interest above ₹40,000 (₹50,000 for seniors).
Common uses
- Saving ₹5 lakh down payment for a ₹25 lakh flat in 3 years
- Building ₹10 lakh wedding fund from ₹1 lakh starting balance
- Child education corpus of ₹20 lakh in 10 years
- Emergency fund target of 6 months expenses
- Vacation fund of ₹2 lakh in 18 months from zero
Frequently asked questions
How much should I save monthly to reach ₹5 lakh in 3 years?
With ₹50,000 already saved and 7% annual return, you need about ₹11,000/month. With zero starting balance at 7%, it rises to about ₹12,700/month. Enter your exact numbers for a precise figure.
What return rate should I use for a short-term savings goal?
For goals under 2 years, use 6–7% (FD or liquid fund). For 3–5 years, 7–8% is reasonable for debt-oriented products. Do not assume 12% equity returns for a 1-year wedding fund — volatility matters.
Can I reduce monthly savings by starting earlier?
Yes. Compounding and more deposits both help. Starting 5 years instead of 3 years for the same ₹5 lakh goal at 7% drops the monthly deposit from about ₹12,700 to about ₹6,900 if you begin from zero.
Does this account for inflation?
No — enter the nominal rupee goal you want in hand. If ₹5 lakh today needs to be ₹6 lakh in 3 years due to inflation, enter ₹6 lakh as the goal or reduce the return rate to a real (inflation-adjusted) figure.