Savings Goal Calculator
Find out how much to set aside each month to reach a savings goal by a target date.
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Remaining Amount Needed--
Total You'll Contribute--
Interest Earned (est.)--
How it works
Enter your savings goal, anything you've already saved, and how many months you have to reach it. If you add an expected annual interest rate, the calculator assumes monthly compounding and reduces the amount you need to contribute yourself, since your balance will also grow from interest along the way.
Frequently asked questions
Does this account for interest on my savings?
Yes, if you enter an annual interest rate, the calculator factors in monthly compounding when working out how much you need to contribute.
What if I already have some money saved?
Enter it under "Amount Already Saved" and the calculator only works out the monthly contribution needed to cover the remaining gap.