About the Savings Goal Calculator
Find how much you must save every month to reach a goal. This tool is free, works in your browser and needs no sign-up.
How to use the Savings Goal Calculator
Enter your goal, what you have saved already, the yearly interest rate and the number of years.
Formula used
Monthly deposit = (Goal − Saved × (1 + i)^n) × i ÷ ((1 + i)^n − 1).
Example
To save 12,000 in one year with no interest you need to save 1,000 per month.
Frequently asked questions
Is the Savings Goal Calculator free to use?
Yes. It is completely free and you can use it as many times as you like.
How accurate is the Savings Goal Calculator?
The calculator uses standard formulas, so the maths is exact. Real life results can differ because of fees, taxes, rounding or personal factors, so treat the answer as an estimate.
Do you store the numbers I enter?
No. All calculations run in your browser. The values you type are not sent to our server.
Disclaimer: results are estimates for information only. They are not financial, medical or professional advice.