What if I've already reached my goal?

If your current savings are already projected to grow past your goal by the target date, the required monthly contribution shows as $0 and you'll see a note that you're already on track.

Does it account for interest on my current savings?

Yes — your current savings are projected forward with the same interest rate before figuring out how much more you need to contribute each month.

Savings Goal Calculator

Find the monthly contribution needed to reach a savings goal by a target date.

Currency

Goal amount (₹)

Current savings (₹)

Time to reach goal (years)

Annual interest rate (%, optional)

Required Monthly Contribution: ₹662.08
Future Value of Current Savings: ₹6,104.98

How it works

Enter your savings goal, what you have saved already, how long you have to reach it, and an optional interest rate. The calculator projects how much your current savings will grow to on their own, then works out the fixed monthly contribution needed to make up the difference by your target date — entirely in your browser.

Example

Save ₹50,000.00 in 5 years, starting with ₹5,000.00 at 4% interest

50000, 5000, 5, 4Required monthly contribution: ₹662.08, Future value of current savings: ₹6,104.98

FAQ

What if I've already reached my goal?: If your current savings are already projected to grow past your goal by the target date, the required monthly contribution shows as $0 and you'll see a note that you're already on track.
Does it account for interest on my current savings?: Yes — your current savings are projected forward with the same interest rate before figuring out how much more you need to contribute each month.