What if I already have some savings toward this goal?

This calculator assumes you're starting from zero. If you already have savings toward this goal, consider using the Retirement Corpus Planner's lump-sum-plus-SIP approach as a template, or a smaller adjusted target amount.

Does this account for taxes on my investment gains?

No. Version 1 does not model tax on investment growth — check with a tax advisor for how gains on your specific investment type are taxed.

CalculatorFinancialLive

Goal Savings Planner

Calculate the monthly investment needed to reach a savings goal.

Last updated 01/08/2026

Enter your target amount.

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How this works

What it means

The fixed monthly amount you'd need to invest to reach a target amount within a chosen number of years, at your own assumed rate of return.

How it’s calculated

Solves for the monthly SIP amount that grows to your Target Amount over the given number of years at the assumed return, using the same shared compound-growth formulas as the Retirement Corpus Planner.

Common Defence use cases

Working backwards from a savings goal (a large purchase, a child's education fund, a down payment) to a concrete monthly investment figure.

Formula

Required Monthly Investment = solve PMT such that FutureValue(PMT as monthly SIP) = Target Amount
Total Invested = Required Monthly Investment × (Years × 12)
Projected Growth = Target Amount − Total Invested

Assumptions

This is a planning estimate only, based on a constant assumed rate of return you enter yourself — actual investment returns vary and are never guaranteed. Not financial advice.
Monthly contributions are assumed to occur at the end of each month (an "ordinary annuity" convention) — a simplification, not a claim about how any specific bank or AMC processes SIP instalments.
Does not account for inflation or taxes on investment gains.

Example calculations

Target ₹20,00,000, 5 years, Expected Return 10%

Required Monthly Investment ≈ ₹25,822 — Total Invested ≈ ₹15.49 lakh — Projected Growth ≈ ₹4.51 lakh

Target ₹10,00,000, 10 years, Expected Return 12%

Required Monthly Investment ≈ ₹4,347 — Total Invested ≈ ₹5.22 lakh — Projected Growth ≈ ₹4.78 lakh

Frequently asked questions

No. It's calculated assuming your entered rate of return holds constant every month — actual investment returns vary, so the real amount needed may differ. Not financial advice.

Goal Savings Planner

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