Savings Goal Calculator

Every goal is easier with a number attached. This savings goal calculator turns “I want to buy a bike” or “we want to travel abroad next year” into a monthly saving target. It accounts for the goal getting costlier with inflation, the return your savings earn, and anything you've already put aside — so you know exactly how much to set up as a recurring deposit or SIP.

How to use it

Pick a goal or enter its cost in today's prices.
Enter when you need the money and the return you expect.
Add your existing savings for the goal.

Example

A couple plans a ₹3 lakh foreign trip in 2 years. At 6% inflation it will cost about ₹3.37 lakh, and saving in a recurring deposit at 7% needs about ₹13,050 a month. For a ₹25 lakh education goal 12 years away, inflation lifts the cost to about ₹50 lakh — at 12% expected returns, a SIP of roughly ₹15,600 a month does the job. Explore the investing side with the SIP calculator or theRD calculator.

Disclaimer: Results are estimates for educational purposes only and are not financial, investment or tax advice. Please verify with your bank, broker or a SEBI-registered adviser before acting. Read the full disclaimer.

Frequently asked questions

How much should I save every month for a goal?

Enter the goal’s cost today, the years until you need it and the expected return. The calculator first raises the cost by inflation, then works out the monthly investment that grows to that amount — after counting any money you’ve already set aside.

Where should I invest for short and long goals?

For goals under about 3 years, safer options such as recurring deposits, fixed deposits or liquid/short-term debt funds suit better — use a lower return. For goals 7+ years away, equity mutual funds have historically done better over long periods, with more ups and downs on the way.

Why include inflation?

Because the goal will cost more later. A ₹3 lakh trip today could cost about ₹3.4 lakh in two years at 6% inflation, so you need to save towards the future price.

What if I can’t afford the monthly amount?

Extend the timeline, start with a smaller amount and step it up with every salary hike, or adjust the goal. Even an imperfect plan started early beats a perfect one started late.