Savings Goal Calculator
Find out how much to save each month to reach a target amount by a set date.
Monthly saving needed
Total you put in
Interest earned
How it works
The calculator grows your current savings at the rate you enter, then finds the monthly deposit that covers the rest: deposit = (goal - current x g) x r / (g - 1), where r is the monthly rate and g is (1 + r)^n.
Example: to reach $50,000 in 10 years from $5,000 at 5% a year, you need to save about $269 a month. Returns are not guaranteed, so treat the result as a plan, not a promise.
Frequently asked questions
What if I cannot save that much each month?
Give yourself more time, lower the goal or start with more. Even small extra deposits help.
Is the interest rate guaranteed?
No. Savings accounts can change their rate and investments can lose value.
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Last updated October 2026. For information only, not financial advice.