Savings Goal Calculator
How much to save monthly to reach your goal? Goal amount, rate, and time horizon.
Use the Savings Goal Calculator
Enter savings goal, initial amount, rate, and months. Monthly payment needed is calculated.
Inputs
Goal amount, rate, and time horizon.
Results
Monthly payment needed
$818
Monthly deposit to reach your goal. Includes interest on initial savings.
How this calculator works
Enter goal amount, initial savings, annual rate, and months. Monthly payment needed is calculated.
How to interpret your results
Use the monthly payment to set up automatic transfers to reach your goal.
FAQs
What if I have initial savings?▾
Enter it. The calculator adjusts the monthly payment needed to reach your goal.
What rate to use?▾
Use your savings account or money market rate. 4–5% for high-yield savings.
Can I change the timeline?▾
Yes. Longer timeline means lower monthly payment needed.
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