Savings Goal Calculator
How much to save each month to hit any target on time.
Your numbers
Breakdown
Projected savings over time
How this calculator works
Big goals — a house down payment, a wedding, a sabbatical fund — feel abstract until you convert them into a monthly number. That is what a savings goal calculator does: it works backward from your target amount and deadline to tell you exactly how much to set aside each month, accounting for the interest your savings earn along the way. Because your deposits also compound, the required monthly amount is always less than simply dividing the goal by the number of months — the longer your timeline and the better your rate, the bigger the discount.
Use the inputs to stress-test your plan. Push the deadline out two years and watch the monthly number fall; raise the rate (say, by using a high-yield savings account instead of checking) and see the same effect. If the monthly figure is more than you can afford, you have three honest options: extend the timeline, raise the target's priority by cutting elsewhere, or shrink the goal. The projected curve shows your balance climbing year by year, which is useful motivation — and a reality check that the last stretch, when compounding kicks in hardest, does a surprising share of the work.