Savings Goal Calculator

Find out how much to set aside each month to reach a savings goal by a target date, with interest doing part of the work.

Find the monthly amount to reach a savings target on time. Enter your goal, anything you have saved already, the number of years and an expected return to see how much to set aside each month, with interest doing part of the work.

Read the guide: How to Hit a Savings Goal by a Set Date

Your goal

Save each month

$662.08

To reach $50,000 in 5 years

Total you add
$39,725
From interest
$5,275

Assumes a steady return and equal monthly deposits. Estimates only, not financial advice.

How it works

  1. 1

    Name your goal

    Enter the amount you want and anything you have already saved.

  2. 2

    Set the timeline

    Choose how many years you have and the return you expect.

  3. 3

    Get your number

    See the monthly amount needed and how much comes from interest.

Instant & 100% private — nothing is uploaded

Every calculation runs locally in your browser. The income, balances and goals you enter stay on your own device and are never sent to a server — nothing is stored, logged or shared.

Frequently asked questions

What if I have already saved some?
Enter it in the "already saved" field. It grows alongside your monthly deposits, so the amount you need to add each month is lower.
What return should I assume?
For a short timeline, a cautious rate close to a savings account or CD is realistic. For longer goals, a diversified investment return may be reasonable, but carries more risk.
How do I work out how much to save each month?
Take the amount you still need, then divide it across the months you have, allowing for any interest your balance earns. This tool does that in one step and gives you a single monthly figure.

Important

For information and planning only — not financial, tax or legal advice. These figures are estimates; rates, fees and rules vary, so confirm anything that affects a real decision with a qualified professional or the official source.

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