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Savings Goal Calculator

Find out how much to save each month to reach a savings goal, with interest.

Save each month
264.83
Total you will pay in
17,889.84
Interest earned
2,110.16

What is Savings Goal Calculator?

A savings goal has an amount and a deadline. The calculator turns them into one number: what to put aside every month.

What this tool does

Takes your goal, what you have already saved, the time and a yearly interest rate. It works out the monthly deposit that will grow, with monthly compounding, to your goal by the deadline.

How to use it

  1. Enter your goal and what you have saved so far.
  2. Enter the years and the expected interest rate.
  3. Read the monthly amount and the interest you would earn.

Did you know?

  • If your current savings already grow to the goal, the monthly amount is 0.
  • Interest rates change, so treat the result as a plan and check it every year.

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