Budget & Goals
Savings Goal Tracker
Calculate daily/monthly savings to meet goals
About the Savings Goal Tracker calculator
Free Savings Goal Calculator to plan how much to save daily/monthly to reach your financial goals. Set savings targets, track progress, and calculate the exact amount needed to achieve your dreams with our goal planning tool.
How the maths works
Savings Goal Formula
Daily Savings = (Goal Amount - Current Savings) ÷ Days Remaining- Daily Savings
- Amount to save each day to reach goal
- Goal Amount
- Target amount you want to save
- Current Savings
- Amount already saved towards goal
- Days Remaining
- Number of days until target date
A worked example
Vacation Savings Goal
| Goal | ₹1,00,000 for vacation |
| Current Savings | ₹25,000 |
| Target Date | 12 months |
Save ₹208/day or ₹6,250/month
How to use it
- Set your savings goal amount
- Enter current savings (if any)
- Choose your target date
- Get daily/monthly savings plan
- Track progress with visual indicators
What it accounts for
- Calculate daily/weekly/monthly savings needed
- Track progress towards goal
- Set realistic target dates
- Visual progress indicator
- Goal achievability assessment
Why it is worth working out
- Achieve financial goals faster
- Stay motivated with progress tracking
- Plan realistic savings targets
- Build consistent saving habits
Questions people ask
How do I work out the monthly amount for a goal?
Start from the target, the time available, and a realistic return, then solve backwards for the contribution. Inflate the target first if the goal is more than a few years away — a car costing ₹12 lakh today will not cost ₹12 lakh in five years.
Where should I keep money for a goal?
By horizon, not by preference. Under a year: savings account or liquid fund. One to three years: recurring deposit, short-duration debt fund, or an FD timed to mature just before you need it. Beyond seven years: equity becomes reasonable. The mistake is putting a two-year goal in equity because returns look better.
Should I save for several goals at once?
Yes, with separate pots. One pooled account means the nearest goal quietly consumes the money meant for the distant ones, and the distant ones are the compounding ones. Separate accounts or folios cost nothing and make raiding a deliberate act.
What if I cannot afford the required monthly amount?
Three levers, and only three: extend the timeline, reduce the target, or increase the contribution. Raising the assumed return is not a fourth lever — it just moves the shortfall somewhere you will not see it until the deadline.
Read more on this
- How to plan a wedding that does not start a marriage with debt — The average Indian wedding costs ₹10 to ₹25 lakh. Most families fund it with a combination of savings and loans they will be paying for years. A sinking fund started 18 months early changes everything.
- Working out your FIRE number, and why 25× is optimistic in India — The rule of 25 came from a study of US markets with 3% inflation and a 30-year retirement. Here is what changes when you apply it to a 45-year Indian retirement.
- Funding a degree that has not been priced yet — Education inflation runs at 8% to 10%. A ₹25 lakh course today is ₹79 lakh in fifteen years. The maths, the glide path, and the products to avoid.
- The emergency fund — how much, and where it should not sit — Six months of expenses is the standard answer. The right number depends on how replaceable your income is, and most people size it against the wrong figure.
This calculator is for information and education. It is not financial advice — see the disclaimer.