Savings Goal Calculator 2026
The monthly figure is the deposit, paid at the start of each month, that reaches the target at a constant annual return. The path starts at zero. A zero return divides the target by the number of months.
Required Monthly Savings
₹10,00,000 in 5 years at 10% needs about ₹12,807 a month. The deposits total about ₹7,68,419. The rest of the target, about ₹2,31,581, is growth.
Financial & Tax Advice Disclaimer
This tool is provided strictly for educational, planning, and illustrative purposes. All figures, estimates, compounding formulas, and tax calculations are based on user input parameters and current mathematical models.
No Performance Guarantee & Liability: Output calculations do not guarantee future returns, exact bank interest payouts, market gains, or legal tax liability. Toolioz and its maintainers accept no legal or financial liability for investment losses, loan commitments, or tax penalties resulting from the use of this calculator.
What the monthly figure assumes
Starting example
- Target: ₹10,00,000 in 5 years at 10% a year.
- Deposit: About ₹12,807 at the start of each month.
- Contributions: About ₹7,68,419. Growth makes up the rest, about ₹2,31,581.
Not in the formula
- No starting balance: Money already saved is not subtracted.
- No tax: PPF, ELSS, NPS, and insurance deductions are not applied.
- Zero return: The deposit is the target divided by the number of months. For this example that is ₹10,00,000 ÷ 60, about ₹16,667.
How this monthly deposit is built
The target, one annual rate, and a term in years. Each deposit is treated as paid at the start of the month.
Formula
- •Monthly rate: The annual percent is divided by 12. A 10% input is about 0.833% a month.
- •Months: Years times 12. The default is 60 months.
- •Payment: Target × i ÷ [((1 + i)^n − 1) × (1 + i)].
- •Contributions line: Monthly deposit × years × 12.
Not chosen by the page
- •No fund type: Equity, debt, and liquid funds are not selected.
- •No income split: 50/30/20 is not applied.
- •No inflation: The target is not increased over time.
- •No step-up: The monthly deposit stays flat.
Same target, other inputs
- ✅A longer term or a higher rate lowers the monthly deposit.
- ✅At 0% for 5 years, ₹10,00,000 needs about ₹16,667 a month.
- ✅The term is entered in years, then converted to months.
- ✅Registration costs and a house price are not added to the target.
- ✅Amounts are formatted in rupees.
About Monthly deposit for a savings target
The monthly figure is the deposit, paid at the start of each month, that reaches the target at a constant annual return. The path starts at zero. A zero return divides the target by the number of months. ₹10,00,000 in 5 years at 10% needs about ₹12,807 a month. Those deposits total about ₹7,68,419, and growth supplies about ₹2,31,581. The formula is target × i ÷ [((1 + i)^n − 1) × (1 + i)], with i = annual rate ÷ 12 and n = years × 12. Tax, inflation, and a starting balance are not applied.
How to Use
- 1Enter the target amount. The default is ₹10,00,000.
- 2Enter the term in years. The default is 5, which is 60 months.
- 3Enter the annual return as a percent. The default is 10.
- 4Read the required monthly deposit.
- 5Total contributions are that deposit times the number of months.
- 6A zero rate divides the target by the number of months.
Key Benefits
- Each deposit is treated as paid at the start of the month.
- The ₹12,807 example uses ₹10,00,000, 10%, and 5 years.
- No money already saved is subtracted.
- The monthly amount does not step up.
- Amounts are formatted in rupees.
Frequently Asked Questions
No. Income is not an input. The result is the monthly deposit that reaches the target.
No. The path starts at zero. There is no field for money already saved.
At the start of the month. The formula divides by an extra (1 + monthly rate), which is the same timing as the SIP calculator.