Money · FREE CALCULATOR
Savings Goal Calculator
Find how much to save each month to reach a target amount. Change the sample numbers to get an instant estimate tailored to your situation.
Your inputs
Adjust any value to update the results.
Calculated results
Based on your current inputs
Calculating…
VISUAL BREAKDOWN
Calculation chart
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How this calculator works
Enter your current savings, goal amount, horizon and optional hypothetical annual return. The calculator models monthly deposits at the end of each month.
Formula
Needed monthly deposit = (target − current × (1+r)^n) × r ÷ ((1+r)^n − 1).
Before you use the result
Calculator outputs are estimates based on the numbers you provide. Replace the examples with measurements, costs, rates, or product information appropriate to your situation.
Keep in mind
Rates of return are not guaranteed. Taxes, fees and inflation are not included.