Reach your Financial goals in style & intelligently through prudent Financial
Planning & Financial Management. Nov, 2018

Want to save Rs.10 lacs for Child's education 10 years later? Or have any other Financial Goal. Find out here how much to invest monthly to reach there comfortably.
I need Rs
In Year
Rate of Interest

Cost of Goal in year will be and Lumpsum Amount to be set aside today for reaching this goal will be

Monthly amount to be saved for achieving goal


Yes, I know about the

  1. Foreign holiday you couldn’t take
  2. The bigger car you couldn’t buy
  3. The extravagant marriage you couldn’t do

But unlike you I also the reason why it didn’t Yes, I know about the

  1. Foreign holiday you couldn’t take
  2. The bigger car you couldn’t buy
  3. The extravagant marriage you couldn’t do

But unlike you I also the reason why it didn’t happen while it was very much possible.

Because, You had funds parked into your Bank FDs and you thought that’s enough to take care of your Goals.

Before I give you more gyaan on this, let me share some facts with you,

  1. Rs.1 lac expense of today will become expense of Rs.7.5 lacs after 30 years
  2. You lose Rs.17lacs in interest in 20 years if you just let Rs.10000 stay extra in your Bank account
  3. Investing Rs.1000 pm till the age of 60 gets you Rs.65lacs if you start at the age of 25. It gets you ONLY Rs.19lacs if you start at 35.

I am sure you have similarfinancial mistakes like some of the ones shown above. As a famous Station master once said in the Hindi movie, “Jab We Met”, - “life is like a railway track, a small deviation and the results are miles apart”.

The need for this Retirement Planning Calculator

Many of us do not plan well. We do not even write our goals. Because we do not do any of these things, thinking of reaching our goals is a wishful thinking. That would never happen unless a miracle happens. People may want to plan but financial calculations are not that simple. So people do not know what to do. Even if they come to know what to do, they are not financially disciplined to do what it takes to reach their goals.

While we cannot do anything about the second part, we thought of helping people by letting them atleast know how much they need to save to reach their goals.

If they come to know how much would something cost that they are planning for, like a foreign vacation & how much they should save monthly to achieve that goal, we are sure they will achieve this goal.

This calculator gives you the cost of your goal in the future date.

This calculator also tells you to set aside a lumpsum amount TODAY that will become equal to the cost of your goal in the future.

In case you do not have that kind of lumpsum amount, this calculator gives you the amount of monthly saving & investment you have to do to ensure that you are able to generate that amount to reach your goal.

This calculator lets you know where you stand today so that you can use the expert help of financial experts on the BankerBhai website &reach your financial goals in style, you may or may not worry about the investment plans your Bankers are so eagerly trying to sell you.

How to use this calculator

The use of this calculator is very simple. You just have to enter following things:

    1 . I need Rs 

How much amount do you need for that goal in TODAY’s prices.

    2 . For

Enter the goal for which you want this amount. This is just for academic purpose.

    3 . In Year

Mention the year, say 2020, when you want to achieve this goal. Like going for a foreign holiday in 2020.

    4 . Inflation

Inflation, a necessary evil. We won’t go into explaining why it is necessary but we have taken default value at 7%. If you feel costs would go up further than average 7%, you can increase its value in the financial calculator or vice-versa.

    5 . Rate of Interest

Till you reach the year when you want to achieve the goal, you are earning as well, so you mention how much return you think you would generate. It’s a future guess that has to be made still we have taken its default value at 12%.

Output – Output from this calculator is in 3 parts.

First, it gives you the cost of goal that it will become by the time you achieve it. This is calculated using the inflation rate that you have entered.

Second, it gives you a lumpsum amount that you can set aside TODAY that when invested, will become equal to the goal fund you need at the time you want to achieve your goal.

Third, because we all are not lucky to have this lumpsum of amount with us, we need to save monthly for the same. The last output of the calculator gives you the amount you need to save monthly till the time of your goal to arrive at the goal fund you need at that time.

You deserve a break. This calculator was really something. You may now relax by seeing some of the offers by our financial experts on BankerBhai.

How to build up your goal fund faster?

Simple. Make power of compounding work for you in your favour. And, play as per the merit of the ball.

Power of Compounding – It is very difficult to explain it to non-finance people. The best analogy I can try is a simple game. If I tell you to give me 1 paise on Day 1 of a month and just give me double of that next day and keep on doubling every day. I mean, give me 1 paise on Day 1, 2 paise on Day 2, 4 paise on Day 3 and continue doing this for a month.

On Day 10, you will be giving me Rs.5, on Day 20 you will be giving me Rs.5000 but on Day 30, you will be liable to pay me Rs.53.68 lacs. Yes, that’s the power of compounding. Interest applied to your investments for a longer period generates these kind of mind boggling returns. The more the interest, the higher the mind boggling effect.

Play as per merit – INVEST more & go for more risk (invest in equities) when you are younger. People do complete the opposite. They SPEND more as they say they don’t have to save for anything. Plus their parents or friends ask them to invest in safe instruments like Fixed Deposits. Both things kill your money. As you keep on getting older, then depending on your goals, you have to invest in a mix of products. But beware, if your goal is very near say only 3-5 years away, you need to start moving some funds from equity to debt or balanced options. Get help of financial experts on investments on BankerBhai.

Use our ASSET ALLOCATION calculator to find out how to invest depending your age, goal & risk profile.

We have crorepati calculators that tell you how much to invest every month to become a crorepati, if you have fixed a time period to become a crorepati. or if you have fixed an investment amount monthly.

I would suggest mix of mutual funds to achieve your strategy of garnering funds faster. Particularly SIP (Systematic Investment Product) of Mutual Funds if used with expert guidance can really benefit you a lot. You can find best Investment Experts on


The data generated here in is completely and solely based on the information/details provided by you in response to the questions specified by the site Such information and the resultant data is provided only for user's convenience and information purposes. does not guarantee accuracy, completeness or correct sequence of any the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness / accuracy. The use of any information set out is entirely at the User's own risk. User should exercise due care and caution (including if necessary, obtaining of advise of tax/ legal/ accounting/ financial/ other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained / data generated herein. The information contained / data generated herein may be subject to change, updation, revision, verification and amendment without notice and such information/data generated may change materially.

Trending Knowledge-Base

View All
How To Practice In Order To Build A Habit For Money Saving

There is a saying ‘Easier said than done’. It is actually true in case of saving money also because talking about saving is very easy and getting it started rea...

Different Scenarios For Saving And Investment

Saving is that component of disposable income which is not used for present consumption. People do savings to accomplish their urgent requirements. It decides t...