Free goal calculator
Goal calculator:
how much should you save each month?
Pick your goal, what it costs today and when you need it. See what it will really cost, and the monthly amount that gets you there.
Your goal
Worked out at our model portfolio’s actual average return over the past 10 years, about 13% a year: four equity and two debt funds held 50:50. Not an assumed rate. Past performance may or may not be sustained in future.
Your result
₹ 16,100 a month gets you there.
What you’ve saved already gets you there.
Start in 2029 instead, and it’s ₹ 25,400 a month.
- It will cost, in 2041
- ₹ 1.04 crore
- Your savings grow to
- ₹ 29 lakh
- Left to cover
- ₹ 75.4 lakh
How this is worked outShowHide
Month by month, with each fund in the model portfolio growing at its own average monthly return over the past 10 years. What you have saved is invested now; the monthly amount is the least that leaves the goal’s cost after tax when everything is sold in the year you need it. The chart shows the plan before tax. Real returns go up and down, and the next 10 years could be quite different.
Tax on selling: 20% on equity gains held 12 months or less, 12.5% after, and 30% on debt-fund gains. The yearly equity-gains exemption, cess and surcharge are not included. An illustration, not a forecast or a promise of returns.
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Why it matters
Your goal costs more every year you wait.
Prices rise, and some rise faster than others. Plan for what your goal will cost in the year you need it, not what it costs today.
| ₹10 lakh today of… | Rises about | Costs in 15 years |
|---|---|---|
| A child’s education | 10% a year | ₹ 41.8 lakh |
| A home | 7% a year | ₹ 27.6 lakh |
| A wedding | 7% a year | ₹ 27.6 lakh |
| Retirement | 6% a year | ₹ 24 lakh |
The calculator’s starting assumptions for each goal. Change them above to fit yours.
A worked example
Your child’s education, year by year.
It costs ₹ 25 lakh today. With fees rising 10% a year, by 2041 it costs ₹ 1.04 crore. You have ₹ 5 lakh saved, which stays invested. ₹ 16,100 a month from now gets you there after tax; start in 2029 and it takes ₹ 25,400 a month.
- It costs, in 2041
- ₹ 1.04 crore
- Each month, from now
- ₹ 16,100
- You put in, in all
- ₹ 33.9 lakh
- Starting in 2029
- ₹ 25,400
| Year | What it costs | You’ve put in | Your savings |
|---|---|---|---|
| 2027 | ₹ 27.5 lakh | ₹ 6.93 lakh | ₹ 7.66 lakh |
| 2028 | ₹ 30.3 lakh | ₹ 8.85 lakh | ₹ 10.7 lakh |
| 2029 | ₹ 33.3 lakh | ₹ 10.8 lakh | ₹ 14 lakh |
| 2030 | ₹ 36.6 lakh | ₹ 12.7 lakh | ₹ 17.8 lakh |
| 2031 | ₹ 40.3 lakh | ₹ 14.6 lakh | ₹ 22.2 lakh |
| 2032 | ₹ 44.3 lakh | ₹ 16.6 lakh | ₹ 27.1 lakh |
| 2033 | ₹ 48.7 lakh | ₹ 18.5 lakh | ₹ 32.7 lakh |
| 2034 | ₹ 53.6 lakh | ₹ 20.4 lakh | ₹ 39 lakh |
| 2035 | ₹ 58.9 lakh | ₹ 22.3 lakh | ₹ 46.2 lakh |
| 2036 | ₹ 64.8 lakh | ₹ 24.3 lakh | ₹ 54.5 lakh |
| 2037 | ₹ 71.3 lakh | ₹ 26.2 lakh | ₹ 63.9 lakh |
| 2038 | ₹ 78.5 lakh | ₹ 28.1 lakh | ₹ 74.8 lakh |
| 2039 | ₹ 86.3 lakh | ₹ 30 lakh | ₹ 87.2 lakh |
| 2040 | ₹ 94.9 lakh | ₹ 32 lakh | ₹ 1.01 crore |
| 2041 | ₹ 1.04 crore | ₹ 33.9 lakh | ₹ 1.18 crore |
Savings at the end of each year, before tax, on the model portfolio’s average past returns; after tax in the goal year they cover the cost. Past performance may or may not be sustained in future.
How to use it
The goal calculator, in 4 steps.
- 1Pick what you’re saving for. It sets how fast that cost usually rises, which you can change.
- 2Enter what it would cost today, and the year you need it.
- 3Add what you’ve already saved for it.
- 4Read the result: what it will cost then, the monthly amount that gets you there after tax, and what starting three years later would take.
How it’s worked out
The method, in plain English.
- The goal’s cost grows by its own rate every year: education faster than most things.
- What you’ve saved stays invested. It and each monthly amount grow at the model portfolio’s average past returns, about 13% a year.
- The calculator tries monthly amounts until what you’d keep after tax, selling everything in the goal year, covers the cost.
- Each instalment’s gain is taxed when sold: 20% on equity held 12 months or less, 12.5% after, 30% on debt funds.
- Starting later uses the same method with fewer months, which is why it costs so much more each month.
What a goal will cost
Cost then = Cost today × (1 + rate)ⁿ
- Rate: how fast the cost rises each year
- n: years until you need it
₹ 25 lakh × (1 + 10%)^15 = ₹ 1.04 crore. At 7% a year, the same ₹ 25 lakh would come to ₹ 69 lakh.
More than one goal?
The number is the start. The plan is what gets you there.
In a 20-minute review call, we put all your goals into one monthly plan that fits your income, and test it at lower returns.
FAQs
Your questions about saving for goals.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
How do I work out how much to save for a goal?
How much will my child’s education cost in 15 years?
Why does starting later cost so much more?
Can I plan for more than one goal?
What happens as the goal gets close?
What returns does this calculator use?
What inflation should I use for my goal?
Should I invest a lump sum or a SIP for a goal?
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Your next question, worked out the same way.
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