Savings Goal Calculator

See exactly how much to set aside each month to reach your goal on time.

Goal amount Current savings Time to goal Months Annual interest rate % (optional)

You need to save each month

$0.00

Turn a big goal into a monthly number

Whether you are building an emergency fund, saving for a car, a house deposit, a wedding, or a dream trip, the hardest part is knowing what to set aside each month. This Savings Goal Calculator does that math for you. Enter what you want, what you already have, and how long you have, and it tells you the monthly amount that gets you there on schedule.

How interest changes the picture

If your savings sit in a high-yield account, money market, or investment that earns interest, you do not have to save the full gap yourself — growth does some of the work. Add your expected annual rate and the calculator compounds monthly, grows your current balance, and reduces the deposit accordingly. Leave the rate at 0 for a plain, no-growth estimate.

How to use it

Enter your goal amount — the total you want to end up with.
Enter your current savings already set aside for it.
Pick a timeframe: a number of months, or switch to target date and choose the day.
Optionally add an annual interest rate if your money earns returns.
Read the monthly amount and the plain-English breakdown below it.

Everything runs in your browser — nothing you type is uploaded or saved.

FAQ

Does it assume deposits at the start or end of the month?: End of each month (an ordinary annuity), the standard convention. Depositing earlier means you will reach the goal slightly ahead of schedule.
What interest rate should I enter?: Use a realistic annual rate for where the money lives — for example your savings account APY. For investments, returns vary, so use a conservative estimate.
Why did the monthly amount drop to zero?: Either your current savings already meet the goal, or with interest they will grow to the goal on their own before the date.
Is this financial advice?: No. Results are estimates for planning only and assume a constant rate and steady deposits; your actual returns and balances will vary.