Savings Goal Calculator
Enter your goal, your starting balance, and a timeframe to find the monthly contribution that gets you there.
Plan backwards from your goal
Most saving advice starts with “save more,” but a target-based plan is far more motivating. This tool inverts the future-value formula to solve for the monthly deposit needed to reach a specific number by a specific date, including interest earned along the way.
Make it automatic
Once you know the monthly figure, set up an automatic transfer on payday. Treating savings as a fixed bill — rather than whatever is left over — is the single most reliable way to hit a goal.
Frequently asked questions
What return rate should I assume?
For a short-term goal in a high-yield savings account, a low rate (e.g. 3–5%) is realistic. Longer horizons in investments may assume more, with more risk.