Savings Goal
Calculate savings needed.
Frequently Asked Questions
How is the required monthly savings calculated?
This is the inverse of the SIP future value formula. First, we grow your current savings to the future value at your expected return, subtract that from your goal, then solve for the monthly amount M needed so that M × ({[1 + i]^n – 1} / i) × (1 + i) equals the remaining goal amount.
What if I already have some savings toward my goal?
Enter your current savings and we'll project its growth over your timeframe and subtract it from your target, so you only need to save the remaining shortfall through monthly contributions.