Target Amount Calculator

1 Yr30 Yrs

Result

YOUR TARGET AMOUNT

₹ 5,00,00,000

MONTHLY SIP INVESTMENT REQUIRED

₹5,49,236

ONE TIME INVESTMENT REQUIRED

₹2,38,05,651

All You Need To Know About Target Amount Calculator

What is a Target Amount Calculator?

We all have dreams, maybe it’s that vacation you’ve been planning, buying a car, funding your child’s education or even your first home. But here’s the tricky part: figuring out how much to save and where to invest to actually reach that goal. That’s where most of us get stuck. One small mistake, and suddenly your goal feels further away than it should.

This is where the Target Amount Calculator comes in; think of it like a roadmap to your goals. You put in your target, your time frame, and what return you expect, and it tells you how much to save, either as a one-time investment or as a monthly SIP.

Simple, clear, no guesswork.

Why This Calculator Matters?

Let’s be honest, financial planning can be confusing. Imagine thinking your monthly savings are enough for your child’s education, only to realise years later that the corpus is not enough because of small errors or missed compounding, stressful, right?

The Target Amount Calculator helps you plan, shows you realistic numbers, and gives you confidence that your steps today will actually lead to your goal tomorrow. Whether it’s a house, a car, a vacation, or retirement, having clarity makes planning easier.

How to Use the Target Amount Calculator?

It’s really simple, no complicated formulas, no charts that make you dizzy. Here’s how:

Enter Your Target Amount, for example:
5,00,00,000 for your new home.
Set Your Time Frame, example: 5 years till you need the money.
Choose Your Expected Rate of Return, say 16% annual return.
Click “Calculate”
And instantly you’ll see:
Lump Sum Needed Today:
₹ 2,38,05,650.77

Monthly SIP Needed:
₹ 5,49,236.19

Why Use This Calculator?

Why not just do it yourself? Well, here’s why this tool is helpful:

  • Saves Time, instant calculation, you don’t have to do mental math.
  • Accurate, compounding is calculated correctly, so numbers are realistic.
  • Try different scenarios and see what happens if you invest more, less, or change your timeline.
  • Transparency, you know exactly how much you need to invest, nothing hidden.

How does it help you Plan Smarter?

Using this calculator makes planning simple and achievable:

  • Goal-focused, keeps you on track.
  • Flexible, shows lump sum and SIP options.
  • Realistic growth is based on simple, reasonable returns.
  • Motivating, knowing exactly what to save makes sticking to the plan easier.
  • Early Adjustments: If your monthly SIP looks high, you can adjust before it’s too late.

Tips to Use It Well

  • Be Realistic About Returns; don’t assume sky-high returns!
  • Start Early, time is your biggest advantage; starting early means smaller monthly savings.
  • Check regularly, life and markets change, so check your investment portfolio every 6–12 months. By the way, Prodigy Pro allows you to review your portfolio anytime and free of cost.
  • Choose the right asset class for your investments.

Who Can Use This Calculator?

  • Young Professionals, planning a car, vacation or first home.
  • Parents, saving for education or marriage.
  • Retirement Planners, figuring out the corpus needed for early or on-time retirement.
  • First-time investors want guidance on how much to save.
  • Experienced Investors want to model scenarios for smarter planning.

Basically, if you have a goal, this calculator is for you.

Make Your Goals Achievable

A goal without a plan is just a wish. The Target Amount Calculator shows you exactly how much to save, how long to invest, and what returns to expect. It makes your plan real, not just numbers on paper.

Whether it’s ₹5 lakhs for a vacation, ₹20 lakhs for education, or ₹5 crore for a house, it gives you a clear roadmap. It’s not just numbers, it’s clarity, confidence and peace of mind.
Start using the Target Amount Calculator today and turn your goals into milestones, not just dreams.

FAQs

Questions on your mind? Dont worry we have the answers!

No, it shows nominal returns only, so it does not account for inflation.

Yes, it shows both, so you can choose what fits your situation.

Reasonable assumptions can be made after consulting with your financial expert.

Yes, do it separately for each goal to know exact numbers.

Every 6–12 months, or if your income, expenses or goals change.
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