# Savings Calculator: Monthly Saving for Any Goal > Savings calculator for a car, a trip or a deposit: find the monthly saving you need, or how long your current saving takes, with inflation built in. Source: https://trykosh.com/tools/savings-goal-calculator Free tool - Budgeting and planning # Savings calculator: how much to save each month for a goal Pick a goal, a date and an expected return, and see the monthly saving that gets you there. Or flip it: enter what you can save each month and find out how long it will take. Rules checked 25 October 2026Free - no sign-upRuns in your browser Save every month INR 16,615 To have INR 13,38,226 in 5 years Goal in future rupees**INR 13.38 lakh** Total you put in**INR 10.97 lakh** Growth earned**INR 2.41 lakh** Your deposits **INR 10,96,907**Growth **INR 2,41,319** Year by year Put in Savings value Year 1 INR 2,99,381 INR 3,14,334 Year 2 INR 4,98,763 INR 5,44,163 Year 3 INR 6,98,144 INR 7,90,606 Year 4 INR 8,97,525 INR 10,54,864 Year 5 INR 10,96,907 INR 13,38,226 Your existing INR 1,00,000 grows to about INR 1,41,763 by then and covers part of the goal. ## Upload your statement and Kosh does this for you. Upload a bank statement and Kosh builds this from your real spending: every UPI payment, EMI and subscription, sorted and priced. [Start free](/signup?via=tool-savings-goal-calculator) ## How the savings goal calculator works Enter the goal in today's prices. A car that costs INR 10 lakh now will probably cost more in five years, so the calculator raises the target by the inflation rate you choose. Turn inflation off for a fixed amount, such as a loan you need to close or a deposit already agreed. Add what you have already saved for the goal. It grows at the expected return until the target date, and only the shortfall needs new monthly saving. The monthly figure assumes you save at the start of each month and returns are compounded monthly, the usual convention for SIPs and recurring deposits. The default return of 7% is roughly what bank recurring deposits, short fixed deposits and debt funds have offered; it is an assumption, not a promise. For goals under three years, stay close to deposit rates. Only use higher, equity-like returns for goals at least five to seven years away, and accept that the result can swing either way. In 'how long' mode the calculator saves your monthly amount month after month, grows it, and stops when your savings overtake the goal's inflated cost. Since the target keeps moving, a small monthly amount can take far longer than simple division suggests, or never get there. Monthly saving = (goal x (1 + inflation)^years − existing x (1 + r)^n) / \[((1 + r)^n − 1) / r x (1 + r)\] r expected annual return / 12 n number of months to the goal ## Worked example: Neha, saving for a INR 6 lakh car Neha wants a hatchback that costs INR 6 lakh today. She has INR 50,000 put aside and can save INR 20,000 a month in a recurring deposit earning about 7%. Allowing for 5% yearly price rises, she gets there in 2 years 5 months, by which time the car costs INR 6,75,085. She will have put in INR 6,30,000, and interest adds INR 62,812. Time to reach your goal 2 years 5 months The goal will cost INR 6,75,085 by then You put in**INR 6,30,000** Growth earned**INR 62,812** Goal at that time**INR 6.75 lakh** Your deposits **INR 6,30,000**Growth **INR 62,812** The goal is inflated at 5% a year, so it moves further away while you save. [Load this example into the calculator ->](?mode=time&goal=600000&monthly=20000&existing=50000&inflation=5#calculator) ## Good to know - Post office recurring deposits pay 6.7% for October-December 2026, fixed for the five-year term. Bank RD rates vary by bank and tenure. - Interest on FDs and RDs is taxed at your slab rate every year, so a 7% deposit gives a 30%-bracket taxpayer about 4.9% after tax. - Keep each goal in its own account, RD or fund folio. Money labelled 'car' is less likely to vanish into a holiday. - If the monthly amount is out of reach, push the date back or lower the goal rather than raising the return assumption to make the numbers work. ## Frequently asked questions How much should I save each month to reach INR 10 lakh? It depends on time and return. Over five years at 7% with nothing saved, about INR 13,900 a month gets you to INR 10 lakh. Allowing for 6% inflation, the target becomes about INR 13.4 lakh and the saving needed rises to roughly INR 18,600 a month. Enter your own numbers above to see the exact figure. Is an RD or a SIP better for a savings goal? For goals within about three years, a recurring deposit or a debt fund is safer because the value can't drop just before you need it. For goals five or more years away, equity SIPs have historically grown faster but can fall sharply in any given year. Why does the calculator increase my goal? Because prices rise. A INR 6 lakh car or a INR 2 lakh holiday will cost more by the time you buy it. The calculator inflates the goal at the rate you set, so you save for the real future price rather than today's. Does this savings calculator include tax? No. The return you enter should be your expected return after tax if you want an exact answer. Deposit interest is taxed at your slab rate each year, while equity fund gains are taxed only when you sell. ## Sources and assumptions - [Department of Economic Affairs: small savings rates](https://dea.gov.in/) - [India Post savings schemes](https://www.indiapost.gov.in/) Rules and rates last checked on 25 October 2026. Results are estimates for planning and education, not tax, legal or investment advice. Kosh is an educational financial planning tool by Primedepth Labs. It is not a SEBI-registered investment adviser and does not offer personalised investment advice, hold your money or execute trades. Markets carry risk; read scheme documents carefully and consult a registered adviser before acting.