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About this tool
Calculate how much you need to save monthly to reach your financial goals. Adjust for time horizon and expected returns.
The Savings Goal Calculator works out the monthly contribution needed to hit a savings target by a chosen date, using the sinking-fund formula PMT = FV x i / ((1 + i)^n - 1), where i is your annual return divided by 12 and n is the number of months. It first grows whatever you have already saved at the annual rate for the full horizon, subtracts that future value from the target, and solves only for the shortfall. Enter a target, a time horizon in years, an expected annual return and your current savings, and you get the monthly figure plus what today's savings will be worth by the deadline.
Open Savings Goal Calculator on AltFTool — it loads instantly in your browser.
Enter Target Amount and Current Savings in ₹, plus Time Horizon (Years) and Expected Return (% p.a.).
Press Calculate — current savings are grown at the annual rate first, then the shortfall is solved with PMT = FV × i / ((1 + i)^n − 1).
Read 'Monthly Savings Needed' as the headline figure, with 'Future Value of Current Savings' beneath it.
Current savings grow at the annual rate for the whole horizon before the shortfall is worked out, so you are not told to save more than you need.
Most calculators grow a contribution you guess; this one inverts the annuity formula and hands you the contribution directly from the target.
If you enter 0% expected return it falls back to a straight target divided by months, so a cash-under-the-mattress plan still gives a sensible answer.
About 13,610 a month at an 8% annual return, starting from zero. Without any return at all you would need 16,667 a month, so the compounding is covering roughly 18% of the goal over that five-year window.
The future value of an ordinary annuity, rearranged to solve for the payment: PMT = FV x i / ((1 + i)^n - 1). The monthly rate i is the annual rate divided by 12 and n is years x 12, which assumes contributions land at the end of each month and returns compound monthly.
Use a rate that matches the instrument you will actually hold, and err low. A recurring deposit or debt fund behaves very differently from an equity index, and because the payment scales inversely with growth, an optimistic rate quietly under-funds the goal. This is an informational projection, not a forecast or investment advice — a licensed adviser should confirm the assumptions before you commit.
No. The target you enter is treated as a nominal amount in today's currency, and returns are applied gross. If the goal is 15 years out, enter a target you have already inflated yourself, and remember that capital gains tax on the growth will reduce what you actually receive.
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