Free Tool • Used Worldwide • Instant Results
Savings GoalCalculator
Find out how much you need to save each month to hit a target amount.
Savings Goal Calculator
Find out how much you need to save each month to hit a target amount.
Required Monthly Saving
$252.95
Breakdown
Note: assumes a constant monthly saving and a constant annual return compounded monthly — real investment returns vary year to year and are never guaranteed. Works in any currency.
Need help with tax-efficient savings and investment planning in India?
Rajput Lalit & Associates handles GST, income tax, accounting and business compliance for individuals and businesses across India. The first consultation is free.
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This is one of our free online calculators used by people worldwide. See the full set — percentage, age, BMI, interest, discount and tip calculators, unit converters, plus India Income Tax, GST, HRA, EMI and SIP calculators — on our Free Tools page.
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We handle GST, income tax and accounting for individuals and businesses across India. The first consultation is free.
Book a Free ConsultationFrequently Asked Questions
How does this calculator work out my required monthly saving?
It uses the future-value-of-annuity formula in reverse — given your target amount, time period and expected return, it solves for the constant monthly contribution needed to reach that target.
What if I don't earn any return on my savings?
With a 0% expected return, the calculator simply divides your target amount by the number of months — no growth assumption is applied.
Does a higher expected return really reduce how much I need to save?
Yes, meaningfully over longer time periods — investment growth does part of the work for you. But higher returns usually come with higher risk, so don't assume a rate you're not confident you can actually get.
Can I use this for any savings goal — house down payment, wedding, education?
Yes — the maths is the same for any lump-sum target amount, regardless of what you're saving for.
Is this calculator free to use?
Yes, completely free with no sign-up or limits, and it works in any currency.
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