Set a target and deadline and get the exact monthly amount to save, accounting for interest earned along the way.
How the Savings Goal Calculator works
Given a target, deadline, current savings and return, the calculator solves for the monthly contribution needed so your balance reaches the goal on time.
Example calculation
To reach $50,000 in 5 years with $5,000 saved at 4%, you need to save roughly $680 a month.
Tips for using the Savings Goal Calculator
- Extend the timeline if the monthly amount is too high.
- A higher-return account reduces what you must contribute.
- Automate the contribution so the goal stays on track.
Savings Goal Calculator — frequently asked questions
- Required amount too high?
- Extend the timeline, add to the starting balance, or choose a higher-return account.
- Is interest guaranteed?
- Only for fixed-rate accounts; investment returns vary.
- What if I can't save the required amount?
- Lengthen the deadline, raise the starting balance, or accept a longer horizon.
- Is the return guaranteed?
- Only for fixed-rate accounts; investment returns will vary.
Related calculators
Compound Interest Calculator · Simple Interest Calculator · Savings Calculator · CD Calculator · APY Calculator · Investment Calculator