Savings Goal Calculator
How much to set aside each month to hit a target by a deadline.
Enter your values
Enter the savings goal in $.
Enter the already saved in $.
Enter the months to save in months.
Enter the annual interest in %.
Results update instantly as you type — no submit needed. Your values are remembered on this device, and the shareable link reopens the calculator with exactly these numbers.
- Save per month
- $693.27
- Per week
- $159.99
- Existing savings will grow to
- $2,707.86
- Interest earned along the way
- $861.53
Quick answer
The monthly saving needed is the goal minus the future value of your current balance, divided by the future-value factor of a monthly deposit.
At a glance
| What it does | How much to set aside each month to hit a target by a deadline. |
|---|---|
| Category | Finance |
| Inputs needed | Savings goal, Already saved, Months to save, Annual interest |
| Main output | Save per month |
| Cost | Free — no sign-up, no download |
How to use the Savings Goal Calculator
- 1Enter your target amount and what you already have.
- 2Set the number of months and any interest rate.
- 3Read the monthly amount required.
Inputs explained
- Savings goal($)
- Enter the savings goal in $.
- Already saved($)
- Enter the already saved in $.
- Months to save(months)
- Enter the months to save in months.
- Annual interest(%)
- Enter the annual interest in %.
Worked example
Using the values the calculator loads with:
Inputs
- Savings goal20000 $
- Already saved2500 $
- Months to save24 months
- Annual interest4 %
Results
- Save per month$693.27
- Per week$159.99
- Existing savings will grow to$2,707.86
- Interest earned along the way$861.53
Frequently asked questions
Where should short-term savings sit?
A high-yield savings account or money market fund keeps the money liquid and protected while still earning interest.
What if I can't hit the monthly figure?
Extend the deadline or lower the goal — both reduce the monthly amount, and extending time usually helps more.
What do I need to enter into the Savings Goal Calculator?
Just 4 values: savings goal, already saved, months to save, annual interest. Every field starts with a realistic example, so you can change one number at a time and watch the result update instantly.
How does the Savings Goal Calculator work out the answer?
The monthly saving needed is the goal minus the future value of your current balance, divided by the future-value factor of a monthly deposit. The working is shown step by step so you can verify the result by hand.
Is the Savings Goal Calculator free, and do I need an account?
It is completely free with no sign-up, no download and no usage limit. Everything is calculated in your browser, so the numbers you type never leave your device.
Results are estimates for general information. For medical, legal, structural or financial decisions, confirm with a qualified professional.