Savings Goal Calculator
Work out the monthly saving needed to hit your goal.
Frequently Asked Questions
How is the required monthly saving worked out?
Your existing savings are first projected forward with growth. The gap between the goal and that projection is then converted into a level monthly payment using the annuity formula at your expected return.
What if I have no investment return?
Set the return to zero and the calculator simply divides the remaining gap by the number of months, which is the right approach for cash savings accounts with negligible interest.
How can I reach a goal faster?
You have three levers: save more each month, extend the deadline, or earn a higher return. Extending the deadline is usually the most powerful because compounding does more of the work.
Is the Savings Goal Calculator free, and is my data private?
Yes. It is completely free and every calculation runs locally in your browser, so the numbers and dates you enter are never uploaded, stored, or shared with anyone.
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