Savings Goal Calculator
Choose a mode, set your values,
and press Calculate
Your Results
| Year | Deposited | Interest | Balance | vs Goal |
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Savings Goal Calculator Guide
A savings goal calculator helps you plan how to reach a specific financial target — like a down payment, emergency fund, vacation, or retirement corpus.
Goal: Save ₹20 Lakhs for a home down payment in 5 years at 8% p.a.:
Q1: 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.
Q2: 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.
Q3: 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.
Q4: 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.