Savings Goal Calculator
Find how much you need to save each month to reach a financial goal.
How this calculator works
How to use this calculator
Enter your target savings goal, current savings, time frame, and expected annual return. The calculator estimates how much you need to save each month to reach the goal.
Formula used
The calculator estimates the future value of current savings, then solves for the monthly contribution needed to reach the target. If the expected return is 0%, the formula is simply remaining amount divided by number of months.
Example calculation
If your goal is $10,000, you already have $2,000, and you want to reach the goal in 24 months with 3% annual return, you need to save about $321.86 per month.
What the result means
The monthly amount is an estimate based on steady contributions and a constant return. Real savings and investment returns can vary.
Frequently asked questions
Does this include inflation?
No. This calculator does not adjust the goal for inflation unless you manually increase the goal amount.
Can I enter 0% return?
Yes. If you expect no interest or investment return, enter 0.
Is this for emergency funds?
It can be used for emergency funds, vacations, down payments, or any savings target.