Savings Goal Calculator
How much to set aside each month to hit a target by a deadline.
Enter your values
Results update instantly as you type — no submit needed.
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
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.
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.
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.