Does this account for interest earned while saving?

No — this calculator gives a straightforward division of the remaining amount over your timeline. For a projection that includes investment growth, use the compound interest calculator.

What if I already have more than my goal?

The required monthly savings will show as zero — you have already reached your target.

Finance

Savings Goal Calculator

Find out how much to save each month to hit a savings target on time.

Savings goal

Current savings

Time to reach goal (months)

You need to save each month

375.00

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About this tool

Enter your savings goal, what you already have saved, and your timeline to see exactly how much you need to set aside each month to reach your target.

How to use this tool

1
Enter your goal
Type the total amount you want to save.
2
Enter what you already have
Type your current savings balance.
3
Set your timeline
Enter how many months you have to reach the goal.

Frequently asked questions

Does this account for interest earned while saving?: No — this calculator gives a straightforward division of the remaining amount over your timeline. For a projection that includes investment growth, use the compound interest calculator.
What if I already have more than my goal?: The required monthly savings will show as zero — you have already reached your target.

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