The monthly amount that reaches a savings target, with what your existing balance contributes on its own. Over short horizons growth does very little and the contribution is nearly the whole answer.
Also called: savings target calculator, how much to save monthly.
₹21,956 a month for 36 months reaches 10,00,000. Of that, ₹7,90,418 is your money and ₹1,09,582 is growth.
An estimate, not an offer or a guarantee. Projected returns assume the rate you entered holds for the whole term, which no market does.
This is what the calculation gives for the numbers you entered. It is an estimate, not advice, and it knows nothing about your situation beyond those numbers. Rules for India change on a published schedule; the effective date is shown on every rule-based tool.
Work backwards. Whatever you already have grows on its own, so subtract that from the target first, then find the level monthly amount whose accumulated value covers the rest. Over three years at a deposit rate the growth is a small share of the total, which is worth seeing: for short goals the return assumption barely matters and the discipline does.
contribution = (target less what the existing balance grows to) / the annuity factorEach of these is asserted on every build. If a change to the engine ever moved one of these answers, the build would fail before the page could print it.
Save this much a month₹21,956
Structural: contributions plus growth plus the opening balance must reach the target
Open this exampleSave this much a month₹25,000
boundary: 9,00,000 over 36 months
Open this exampleSave this much a month₹0
degenerate case
Open this exampleFormula version 1.0.0 · definition 1.0.0 · India · Report a problem with this calculator