Savings Goal Calculator
Tell it your target, your timeline and what you've already saved — it tells you the monthly amount that gets you there.
How it works
The calculator assumes you deposit the same amount at the end of each month and that returns compound monthly. It solves the future-value formula backwards to find the deposit that makes your balance hit the goal exactly on schedule.
Frequently asked questions
What return rate should I enter?
Use 0 for a plain checking account, your account's APY for a high-yield savings account, or a conservative long-run estimate (many planners use 5–7%) if the money is invested. For short-term goals under ~3 years, savings-account rates are the realistic choice.
Why does a small return change so little on short goals?
Compounding needs time. Over 2 years, a 5% return only trims a 10,000 goal's monthly saving from 417 to about 397 — but over 20 years it cuts it by more than half.
Is inflation accounted for?
No — the goal is in today's money. For goals many years out, consider raising the target (or check our inflation calculator) so the amount still buys what you intend.
Last updated: 2026-07-13