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Savings Goal Calculator
Estimate how long it could take to reach a savings target from your current savings, a monthly contribution and an assumed return.
Estimate time to reach a savings target
Free to run · to save projections to your live dashboard
Enter values and click Calculate to see results
Worked example
Calculated by the same engine as the calculator above.
- Inputs
- Target Amount
- ₹10,00,000
- Already Saved
- ₹1,00,000
- Monthly Contribution
- ₹15,000
- Expected Return (% p.a.)
- 10
- Result
- Months to Goal
- 47
- Years to Goal
- 3.92
- Total Contributions
- ₹8,05,000
Formula
B_m = B_(m-1) × (1 + i) + C, repeated until B_m ≥ Target
- B_0 = amount already saved
- C = monthly contribution
- i = expected annual return / 12 / 100
- Months to goal = first m where B_m reaches the target, searched up to 600 months (50 years)
Assumptions
- Each month the balance earns one month of return, then the contribution is added (end-of-month contribution).
- The return and the contribution stay constant.
- The search stops at 600 months (50 years); if the target is not reached by then, the calculator says it is not reachable within 50 years instead of showing a number.
- Total contributions include the amount already saved. Inflation and tax are not included.
- Educational estimate only, not financial advice. Capitallytics does not execute transactions.
Savings Goal Calculator FAQ
Answers about how this calculator works.
What does 'not reachable within 50 years' mean?
The calculator searches up to 600 months, or 50 years. If the balance is still below the target by then, it says so rather than showing a number; try a higher contribution or return.
Are contributions made at the start or end of the month?
At the end. Each month the balance grows first and the contribution is added afterwards.
What do total contributions include?
The amount already saved plus every monthly contribution up to the goal. The rest of the final balance is estimated growth.
What if I have already reached the target?
If your current savings are at or above the target, months to goal is 0.