A mobile terminal and schedule management method using the same. The method includes: setting a schedule, the schedule including an alarm time, planned event time, planned event and a destination; and information about the location of the scheduled destination from a map search feature. A current location of the mobile terminal can be computed at an alarm time of a current schedule, using global positioning system (GPS) satellite signals. A first estimated travel time from the current location of the mobile terminal to a destination of the current schedule is provided. An alarm is output in which at least the computed first estimated travel time and the current schedule are displayed. The schedule management function integrates location and traffic information to provide effective schedule guidance to a user.