Savings Goal Calculator

This calculator works backward from a savings target to tell you exactly how much you need to set aside each month to get there, accounting for interest earned along the way.

It projects your current savings forward using compound growth, subtracts that future value from your goal to find the remaining gap, then solves for the monthly deposit needed to close that gap by your target date.

Example: To reach a $20,000 goal in 5 years starting with $2,000 at a 4.5% annual rate, your current savings would grow to about $2,505 on its own — leaving you needing to save roughly $260/month to hit your target.