Calculators

Savings Goal Calculator

How much to save monthly to hit a target by your deadline. Factor in current savings, expected return, and inflation if you want a real (today’s money) target. Built by Tolyo.

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Inputs

Currency

E.g. $, €, ₨

Goal amount (today’s money)

Current savings

Expected annual return (%)

Inflation (%)

Inflation-adjust target

Inflate goal to keep the same purchasing power at the end.

Time to goal

Unit

Show yearly schedule

Turn off for a minimal view.

Months: 60Monthly rate: 0.643%

Results

Target at horizon

₨2,000,000.00

Required monthly saving

₨22,382.29

Contributions at month-end

Total contributions

₨1,342,937.12

Over 60 months

Projected balance

₨2,000,000.00

Surplus/shortfall: ₨0.00

Yearly Schedule

Year	Start Balance	Contributions	Interest	End Balance
1	₨250,000.00	₨268,587.42	₨29,711.37	₨548,298.80
2	₨548,298.80	₨268,587.42	₨53,575.27	₨870,461.49
3	₨870,461.49	₨268,587.42	₨79,348.29	₨1,218,397.21
4	₨1,218,397.21	₨268,587.42	₨107,183.15	₨1,594,167.78
5	₨1,594,167.78	₨268,587.42	₨137,244.79	₨2,000,000.00

Notes

We assume monthly contributions at the end of each month (ordinary annuity).
Formula: FV = P₀(1+i)^n + PMT((1+i)^n − 1)/i ⇒ PMT = (FV − P₀(1+i)^n)·i / ((1+i)^n − 1). If i=0, then PMT = (FV − P₀)/n.
“Inflation-adjust target” inflates the goal by your inflation rate so your future amount has the same purchasing power as today’s target.