Savings Goal Calculator

Find out how much you need to save each month to hit a specific financial goal by a target date.

Find out how much you need to save each month to hit a specific financial goal by a target date.

What you can figure out

• How much you need to save every month to hit a specific dollar goal by a target date.
• The impact of earning interest on savings vs. stuffing cash in a checking account.
• Whether a shorter timeline requires an unrealistic monthly contribution.
• The tradeoff between saving more now vs. extending the deadline.

How it works

The savings-goal calculator solves for the monthly contribution required to reach a target amount by a given date, given a starting balance and an expected interest rate. Useful for down-payment funds, weddings, travel, and any other mid-horizon goal where the end date matters.

Privacy

This calculator runs entirely in your browser. Nothing you type is saved, transmitted, or shared with us or any third party. See our privacy policy for the full details, or browse more tools on the calculators page.