Savings Goal Calculator
Find out how much to save each month to reach a savings goal by a target date.
DISCLAIMER: This calculator provides estimates for general informational and educational purposes only and is not financial, investment, tax, or legal advice. Results are approximate and may not reflect your actual situation, fees, taxes, or current rates. Consult a qualified professional before making financial decisions.
What Is the Savings Goal Calculator?
The Savings Goal Calculator tells you the monthly amount needed to hit a target, taking your current savings and an expected return into account. Enter the goal, what you have now, your timeframe and an interest rate to see the monthly contribution, total contributions and interest earned. Calculated entirely in your browser.
How It Works
Enter your savings goal, current savings, timeframe in years and expected annual return. The required monthly contribution and a breakdown update instantly.
When to Use It
Use it to save for a down payment, holiday, emergency fund, wedding or any goal with a deadline.
Frequently Asked Questions
- What return should I use?
- For a safe cash savings account, use a low rate (or 0). For longer-term investing, a higher rate may apply — but returns aren't guaranteed, so be conservative.
Last reviewed: 2026-06-27