Savings Goal Calculator
Monthly saving needed for a goal, or how long it will take. Results update as you type.
Enter your details
Results
Fill in the details above and the results appear here.
About the Savings Goal Calculator
Find the monthly amount you need to save to reach a goal in a given time, or how long it will take at a monthly amount you can afford. Add the amount you have already saved and an expected yearly return if you invest.
Use it for a deposit, a wedding, a trip, a course or a gadget.
Choose your currency (₹, $, €, £ and more) and every amount updates. The calculation runs in your browser, so the numbers you enter are not uploaded.
Savings Goal Calculator example
Savings goal: 1000000
Already saved: 100000
Time available: 4 years
Expected yearly return: 6 %Save each month: ₹16,137
Total you will deposit: ₹7,74,553
Starting savings: ₹1,00,000
Return earned: ₹1,25,447
Goal: ₹10,00,000How it is calculated
The balance grows monthly: it is the starting amount compounded at the monthly rate, plus each monthly deposit compounded for the months it has left. The calculator solves that for the deposit, or steps month by month until the goal is reached. With a 0% return it is simply the shortfall divided by the months.
Balance after n months = S × (1 + i)ⁿ + P × ((1 + i)ⁿ − 1) ÷ ii = yearly return ÷ 12; S = already saved; P = monthly savingMonthly saving needed = (goal − S × (1 + i)ⁿ) × i ÷ ((1 + i)ⁿ − 1)
What to enter
- Expected yearly return. Blank = 0%. Returns are not guaranteed.
How to use the Savings Goal Calculator
- Fill in the fields above. Required fields are marked, optional ones can be left blank and fall back to the defaults described on this page.
- Use “Try an example” to see a worked case, then replace the numbers with your own.
- Read the results as you type. The large card is the main answer and the smaller cards are the related figures.
- Copy a single value or everything, or share a link that keeps your inputs.
Savings Goal Calculator FAQ
How does the savings goal calculator work?
The balance grows monthly: it is the starting amount compounded at the monthly rate, plus each monthly deposit compounded for the months it has left. The calculator solves that for the deposit, or steps month by month until the goal is reached. With a 0% return it is simply the shortfall divided by the months.
What return should I enter?
Use 0% for cash you keep aside. For savings accounts or deposits use the actual rate. Market returns are never guaranteed, so use a cautious figure.
Does it include inflation?
No. If your goal will cost more later, increase it first, for example with the inflation calculator.
Is this savings goal calculator free and private?
Yes. It is free with no sign-up, and the calculation happens on your device, so your numbers are never sent to a server.
More money & budgeting calculators
Emergency Fund CalculatorBuy vs Rent CalculatorInflation Purchasing Power CalculatorMonthly Budget Calculator
All money & budgeting calculators → · All everyday calculators →