Savings Goal Calculator
Enter your target, starting amount, expected return, and timeframe to find the monthly saving you need.
Why the monthly figure isn't just goal ÷ months
Because the balance earns a return along the way, later contributions have less time to grow than earlier ones — this calculator solves for the fixed monthly amount that, combined with your current savings compounding at the given rate, exactly reaches the goal by the deadline.
About the Savings Goal Calculator
The Savings Goal Calculator finds how much you need to save every month to reach a target amount by a deadline, taking into account what you already have and the return you expect.
Because savings earn a return, later contributions have less time to grow than earlier ones. The calculator solves for the fixed monthly amount that, together with your existing savings compounding at the given rate, reaches the goal exactly at the deadline. If the return is zero, the result is simply the remaining amount divided by the number of months. Real returns are not guaranteed, so use a cautious rate.
How to use it
- Enter the savings goal.
- Enter the amount already saved.
- Enter the number of years and the expected annual return.
- Read the monthly saving required.
Tips and good to know
- Use a conservative return for short goals.
- Revisit the plan every year.
- Automate the monthly transfer.
Frequently asked questions
Why is it not goal divided by months?
Interest changes the result.
What if I already have enough?
The monthly amount will be zero.
Does it include inflation?
Enter a real return to account for it.