How to Use the Savings Goal Calculator
Enter your target amount, current savings, annual return, and either your target date or monthly contribution. Toggle between "How long?" and "How much per month?" modes.
Savings Goal Calculator Formula
FV = PV×(1+r)^n + PMT×((1+r)^n − 1)/r; solve for n or PMTr= Monthly return ratePMT= Monthly contribution
Example Calculation
Target ₹10 lakh, current savings ₹1 lakh, 8% return p.a., monthly contribution ₹10,000:
Solve for n (months)
Reach goal in approximately 5 years 7 months
Frequently Asked Questions
Does this account for inflation?
This calculator uses nominal return rates. To inflation-adjust, subtract expected inflation (e.g., 6%) from your return rate to get a real return rate.