Free Savings Goal Calculator
Find out how much to save each month to hit your target amount, accounting for expected interest, updated as you type.
Estimates only, not financial advice. Returns are never guaranteed.
Frequently Asked Questions
How is my required monthly contribution calculated?
It solves for the fixed monthly amount that, combined with your current savings growing at your expected return, reaches your goal by the target date — the reverse of a typical compound interest projection.
What if I can't afford the suggested amount?
Try extending your timeframe or lowering the goal amount — both reduce the required monthly contribution. Even partial progress toward a goal is meaningful.
Does this guarantee I'll reach my goal?
No — it assumes a constant rate of return and consistent contributions. Real accounts fluctuate, and this is an estimate for planning purposes only, not financial advice.
What return rate should I use?
Use 0% for cash sitting in a low-yield account, a savings account's stated APY for a high-yield account, or a conservative long-term estimate if the money will be invested. When unsure, a lower estimate is safer for planning.
Is this financial advice?
No — this is an estimate for planning purposes only, not financial advice.