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Savings Goal Calculator

Estimate the monthly savings needed to reach a target, accounting for existing savings and an assumed return.

Your inputs

₹ INR
Choose the currency for your amounts. Values are not exchange-rate converted.
YOUR RESULT

Monthly savings needed

₹10,020.00
Target
₹10,00,000.00
Existing savings
₹1,00,000.00
Total contributions
₹7,01,200.17
Projected balance
₹10,00,000.00
Calculation method & assumptions

Existing savings grow for the full term. The remaining target is divided by the monthly annuity growth factor.

Rates remain constant in this illustration. Taxes, fees and changes in returns are excluded.

Investment breakdown

Compare the components of the estimated total.

Investment breakdownCompare the components of the estimated total. Contributions: INR 7,01,200; Estimated growth: INR 2,98,800ContributionsINR 7,01,200Estimated growthINR 2,98,800Estimated total1.0M

Balance over time

Values at selected points in the calculation period.

Balance over timeValues at selected points in the calculation period. Year 1: INR 2,39,761; Year 2: INR 3,97,248; Year 3: INR 5,74,707; Year 4: INR 7,74,673; Year 5: INR 10,00,0001.0M750.0K500.0K250.0K0Y1Y2Y3Y4Y5INR

Detailed breakdown

5 rows
PeriodTotal contributedGrowth / interestBalance
Year 1₹2,20,240.03₹19,521.19₹2,39,761.22
Year 2₹3,40,480.07₹56,767.59₹3,97,247.66
Year 3₹4,60,720.10₹1,13,987.22₹5,74,707.33
Year 4₹5,80,960.14₹1,93,713.18₹7,74,673.32
Year 5₹7,01,200.17₹2,98,799.83₹10,00,000.00
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HOW IT WORKS

Three steps. Ready for what’s next.

01

Enter your inputs

Use the labelled fields and select the assumptions or dates that apply to your calculation.

02

Review the result

Results update as inputs change. Check the breakdown, calculation method and assumptions.

03

Copy or download

Copy a summary or download the calculation breakdown as a CSV.

About Savings Goal Calculator.

How savings goal is calculated

Existing savings grow for the full term. The remaining target is divided by the monthly annuity growth factor.

What the result means

Estimate the monthly savings needed to reach a target, accounting for existing savings and an assumed return.

Assumptions and scope

Rates remain constant in this illustration. Taxes, fees and changes in returns are excluded.

Using the calculator

Enter savings target, existing savings, assumed annual return, duration (years), monthly contribution timing. Change the values to compare results. Calculations run in your browser. No account is required.

A LITTLE CLARITY

Good questions. Simple answers.

A few helpful answers before you get started.

Do I need an account?

No. This tool is open to everyone without signing in.

Does this tool need the internet?

Your inputs are calculated in this browser. Load the tool online before using it offline.

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