Savings Goal Calculator

Work out how much to set aside each month to reach a savings target — allowing for interest on the way.

  • Free
  • No sign-up
  • Instant results

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How it works

It grows any current savings at your rate, then calculates the monthly deposit needed to close the gap to your target over the time you have (monthly compounding).

Example

To reach $10,000 in 5 years starting from $0 at 6%, you'd save about $143 a month.

Frequently asked questions

What if my current savings already reach the goal?
Then the required monthly amount shows as 0 — your existing savings and interest already get you there.