Savings goal calculator.
Find the monthly contribution needed to reach your savings target.
UNDERSTAND THE ESTIMATE
How to use this calculator
Enter your starting savings, target balance, nominal annual interest rate and months until your goal. The calculator solves for equal end-of-month contributions.
The calculation
Monthly growth is 1 + annual rate / 1,200. The required deposit equals the positive gap between your target and the future value of starting savings, divided by the monthly annuity growth sum. The deposit rounds upward to the selected currency’s displayed unit; projected results use that rounded deposit.
Uses constant rates and regular monthly cash flows. Taxes, fees, inflation and changing rates are excluded. Estimates are not financial advice.
SEC Investor.gov savings goal calculator ↗ILLUSTRATIVE EXAMPLE
Follow the numbers
Start at zero, target 1,200 in 12 months and assume 0% interest. Saving 100 at the end of each month reaches 1,200. If starting savings already grow to cover the target, the required contribution is zero.
Why can the projected balance exceed the target?
The monthly contribution rounds upward so the displayed contribution can cover the goal in the model. Interest rates and deposits are assumed constant; taxes, fees and inflation are excluded.