Savings Goal Calculator
Set a target, starting balance and deadline to estimate the monthly savings needed. Add an optional annual return for planning.
Your goal
Your entries stay in this browser.
Your plan
Use this as a planning estimate
The calculation assumes equal deposits at the end of each month and a constant return. Actual savings rates, investment returns, taxes and fees can change.
- A projected return is not guaranteed.
- Use 0% for a simple no-interest savings plan.
- This tool provides general information, not financial advice.
Calculation method and example
The calculator first grows the current balance for the selected number of months, then solves for the equal end-of-month deposit needed to close the remaining gap. When the annual return is 0%, it simply divides the unfunded amount by the number of months.
Example: A $12,000 goal with $2,000 already saved and 20 months remaining requires $500 per month at 0% return: ($12,000 − $2,000) ÷ 20. With a positive assumed return, the estimated monthly amount may be lower because the model includes compound growth.
Use conservative return assumptions and recalculate after deposits, rates or the deadline change. The result excludes taxes, account fees, market volatility and withdrawal restrictions; keep emergency cash needs separate from a long-term investment projection.