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Savings Calculator: Helping you estimate how much to save for a future expense
How much should I save to buy something in the future?
You may be planning to buy a car or a home or planning to take a vacation in the future. Inflation is the beast that increases the cost of an acquisition. Plug in the numbers below and see how much you need to save to buy something in the future.
The lump sum amount needed in today's dollars to buy this product/service:
$
Enter your inflation expectation
$
%
What is your expected annual rate of return on investments?
$
%
How many years away is this goal?
$
years
Enter lump sum amount you allocated to this goal already?
$
Enter the monthly amount you are currently saving toward this goal.
$
Do you want to save the required amount in lump sum now or every month?
Lump sum
Monthly
Calculate
Results
The lump sum amount you need today along with your current lump sum along with current monthly savings to achieve your goals is
$
Results
Congratulations! Based on your entries, you will achieve your goal with the current lump sum amount allocated to the goal along with the monthly savings
Results
Congratulations! Based on your entries, you will achieve your goal with the current lump sum amount allocated to the goal along with the monthly savings. Indeed, you will have a surplus of
$
Results
The additional monthly savings you need to save apart from the lump sum and current monthly savings
$
Results
Congratulations! Based on your entries, you will achieve your goal with the current lump sum amount allocated to the goal along with the monthly savings
Results
Congratulations! Based on your entries, you will achieve your goal with the current lump sum amount allocated to the goal along with the monthly savings. Indeed, you will have a surplus of
$
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