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Savings Goal Calculator

Plan how much to save monthly to achieve your financial goals

Your Savings Goal

Goal Name

Target Amount (₹)

₹

₹10,000 ₹1,00,00,000

Time Frame (years)

1 year 30 years

Expected Annual Return (%)

%

0% 20%

Initial Savings (₹)

₹

Tips for Reaching Your Goal

Set up automatic transfers to your savings account
Review your progress quarterly and adjust if needed
Consider increasing contributions with income growth
Look for ways to reduce expenses and save more

Your Savings Plan

To reach your goal of

₹5,00,000 for a New Car

Monthly Savings Needed

₹6,903

Total Contributions

₹4,14,180

Interest Earned

₹85,820

Initial Amount

₹50,000

Goal Progress 10%

Yearly Progress

Year	Total Saved	Interest	Progress
1	₹1,32,836	₹4,836	26.6%
2	₹2,20,299	₹15,299	44.1%
3	₹3,12,679	₹30,679	62.5%
4	₹4,10,384	₹50,384	82.1%
5	₹5,00,000	₹85,820	100%

Strategies to Reach Your Goal Faster

Increase Monthly Contributions

Even a small increase in your monthly savings can significantly reduce the time needed to reach your goal.

Boost Your Returns

Consider slightly higher-risk investments for potentially better returns if your time horizon allows.

Save Windfalls

Put tax refunds, bonuses, or gifts directly toward your goal to accelerate your progress.

Reduce Expenses

Identify areas where you can cut back spending and redirect those funds to your savings goal.

This Savings Goal Calculator helps you create a roadmap to achieve financial objectives. By entering your target amount, time period, and expected return rate, it calculates the required monthly or yearly savings to meet your goal.

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