Savings Goal Calculator
See exactly how long it will take to hit your savings target based on what you already have saved, your monthly contribution, and expected returns.
Disclaimer. This calculator is provided for educational and informational purposes only. Results are estimations and do not constitute professional financial, investment, tax, or legal advice. Consult a qualified advisor before making financial decisions. Read full disclaimer →
About Savings Goal Calculator
This calculator determines the monthly savings required to reach a financial goal by a target date, accounting for expected investment returns. Formula for required monthly investment: PMT = FV x r / ((1+r)^n - 1), where FV = future value goal, r = monthly return rate, n = number of months. This is the SIP formula applied in reverse.
Goal-based savings benchmarks: Emergency fund: 6-12 months of expenses (keep in high-yield savings or liquid mutual fund). Short-term goals (1-3 years): use FDs, debt mutual funds, or RDs - avoid equity for short horizons due to volatility. Medium-term goals (3-7 years): hybrid or balanced mutual funds. Long-term goals (7+ years): equity mutual funds or direct equity via SIPs. Inflation adjustment is critical for long-term goals - a goal that costs Rs 10 lakh today will cost approximately Rs 21 lakh in 15 years at 5% inflation. Always state goals in future rupees (inflation-adjusted) for accurate SIP requirement calculation.