Savings Goal Calculator

Find out how much you need to save each month to reach your financial goal.

Savings Goal ($)

Current Savings ($)

Time Frame (years)

Expected Return (%)

Monthly Savings Needed$0

Total Contributions$0

Interest Earned$0

Final Balance$0

FAQ

How is the monthly savings calculated?▼

It calculates the future value of your current savings, subtracts that from your goal, then uses the annuity formula to find the monthly payment needed to make up the difference with compound interest.

What rate of return should I use?▼

For a savings account: 1-5%. For a diversified stock portfolio: 7-10% historically. For bonds: 2-5%. Use a conservative estimate to avoid falling short of your goal.