Savings Goal Calculator

What this Savings Goal Calculator does

This calculator tells you how much you need to save every month to reach a specific financial goal within a chosen time period. It is designed for goals such as buying a house, funding education, or building a retirement corpus.

How current savings are treated

Your existing savings are not ignored or simply subtracted from the goal. Instead, they are allowed to grow at the expected rate of return for the entire duration. This reflects how real investments behave.

How the monthly saving is calculated

First, the calculator estimates the future value of your current savings. Then, it calculates how much additional money needs to be accumulated through monthly investments. Only this remaining gap is funded through a SIP.

Why this approach is important

Many goal calculators overestimate required SIPs by ignoring the growth of existing investments. This calculator follows proper financial planning methodology so your targets remain realistic.

Human-friendly guidance

If your current savings are already sufficient to reach the goal, the calculator clearly tells you so and encourages you to think bigger rather than showing a zero value mechanically.