Savings Goal Calculator
Find the monthly savings needed to reach a goal.
About this tool
Working backward from a savings target, this calculator figures out the fixed monthly contribution you'd need to make — accounting for what you've already saved and the growth that money and your new contributions will earn along the way.
Key Features
- Monthly contribution needed to hit your goal
- Accounts for growth on existing savings
- Tells you if you've already reached your goal
How to Use
- Enter your total savings goal.
- Enter what you've already saved.
- Enter your expected annual return.
- Enter the number of years you have, then click Calculate.
Benefits
- Turn a vague savings goal into a concrete monthly number
- See how a higher return or more time reduces the monthly amount needed
- Plan for a house down payment, education fund or retirement target
Frequently Asked Questions
The calculator shows $0 needed per month — your current savings, growing at the rate you entered, are already projected to reach or exceed the goal without further contributions.
Yes — this assumes you invest the same amount every month for the full period. If your contributions will change over time, treat the result as a starting-point average rather than an exact figure.