Savings Goal Calculator
Find out how much to save each month to reach your goal by a target date.
How to Use the Savings Goal Calculator
- Enter your savings goal and what you've already saved.
- Enter how many months you have to reach it.
- Enter the interest rate you expect to earn (0% if none).
Frequently Asked Questions
How is the required monthly savings amount calculated?
It uses the standard future-value-of-an-annuity formula, solved for the monthly payment — the same math used for any regular savings plan that earns compound interest. Your current savings also grows with interest over the same period and is factored in.
What if I don't expect to earn any interest?
Set the interest rate to 0%. In that case the calculation simplifies to a plain division: your remaining goal amount split evenly across the number of months left.
Does this account for taxes on interest earned?
No — it's a straightforward pre-tax projection. If your savings account or investment is taxable, your actual real-world growth (and the amount you'd need to save) may differ slightly from this estimate.
Is my financial information sent anywhere?
No — every calculation happens entirely in your browser using JavaScript, so nothing you enter is ever sent to a server.