Savings Goal Calculator
Find out how much to save, how long it’ll take, or what interest rate you need to hit your target
Currency
What do you want to calculate?
Year-by-Year Savings Breakdown
| Year | Deposited | Interest | Balance | vs Goal |
|---|
A savings goal calculator helps you plan how to reach a specific financial target — like a down payment, emergency fund, vacation, or retirement corpus.
- Mode 1: Monthly SavingsHow much to save/month?
- Mode 2: Time NeededHow many years to goal?
- Mode 3: Interest RateWhat return do I need?
- Mode 4: Final AmountWhat will I accumulate?
Example — Dream Home Down Payment
Goal: Save ₹20 Lakhs for a home down payment in 5 years at 8% p.a.:
Frequently Asked Questions
Does this calculator account for taxes?
No. It shows pre-tax returns. In India, savings account interest is taxable above ₹10,000/year. For tax-free growth, consider PPF or ELSS.
What is a realistic interest rate to use?
Use 6–7% for savings/FDs, 7.1% for PPF, and 10–12% for equity mutual funds. Higher returns come with higher risk.
How often is interest compounded?
This calculator uses monthly compounding. The annual rate is divided by 12 for each month — the most common method for savings instruments.
What if I already have some savings?
Use the Current Savings slider to enter your head start. The calculator treats this as the present value (PV) growing alongside your monthly contributions.