Budget and cash flow
Savings goal calculator
See how much to set aside each month to reach a goal by a date you choose.
Your figures
This shows example figures. Change them to work out your own.
Result
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Amount to set aside each month
PKR 13,519.60
- Total you put in
- PKR 811,176
- What your savings grow to
- PKR 0
Year by year
| Year | Put in | Value |
|---|---|---|
| 1 | PKR 162,235.20 | PKR 169,440.14 |
| 2 | PKR 324,470.40 | PKR 352,943.73 |
| 3 | PKR 486,705.60 | PKR 551,678.02 |
| 4 | PKR 648,940.80 | PKR 766,907.17 |
| 5 | PKR 811,176 | PKR 1,000,000.22 |
How it is calculated
Each month's amount goes in at the start of the month. The yearly return is split into twelve equal monthly steps, i = yearly return / 12, and n is the number of months.
What you have saved grows to saved x (1 + i)^n.
The monthly amount C is the one that makes saved x (1 + i)^n + C x ((1 + i)^n - 1) / i x (1 + i) equal the goal.
At a return of 0 the monthly amount is (goal - saved) / n.
The monthly amount is rounded UP to the paisa, so the goal is never a paisa short.
Assumptions
- The amount goes in at the start of every month, for the whole period.
- The return of 8% a year is added at the end of each month (monthly compounding).
- The return is the same every year. Real returns go up and down.
- No fees, charges or tax are taken off.
Results are worked out from the figures you enter and are only estimates. They are not advice.
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