How to use Savings Goal Calculator
Start with a target amount, an existing balance and a time horizon. The calculator grows your current savings for the full duration, then finds the equal end-of-month contributions needed to fill the remaining gap.
If your current savings already reach the target under the assumption, the required new monthly contribution is zero. Targets such as education costs can rise with inflation; first adjust the future target using the inflation calculator.
The formula
A worked example
Target amount (₹): 500000 · Current savings (₹): 50000 · Annual rate (%): 6 · Duration (months): 60
Required monthly saving: ₹6,199.76
Contributions occur at the end of each month. Estimated return is hypothetical; change the target to account for inflation.
Questions about this calculation
What if my existing savings are sufficient?
The required monthly saving is shown as zero.
Is inflation included?
No. Enter an inflation-adjusted target yourself or use the inflation calculator first.
Formula checks: 2026-10-08. Assumptions & corrections.