FREE ONLINE FINANCIAL TOOL
Savings Goal Calculator
Turn a savings target into a monthly plan. Add your current balance, goal amount, time available, and an estimated annual return to calculate the approximate deposit needed at the end of each month.
Enter your details
Enter your own values. Results are estimates and may differ from financial institution disclosures.
Your results
Enter your details and select Calculate to see your estimate.
How this savings goal calculator works
Find the monthly savings needed to reach a financial goal based on your current savings, target amount, timeline, and estimated annual interest rate.
Monthly deposit = (goal − current balance × (1 + monthly rate)months) × monthly rate ÷ ((1 + monthly rate)months − 1). If the rate is zero, divide the remaining goal by the number of months.
Formula and assumptions
The calculation uses the values you enter and assumes the stated rate stays constant for the selected period. Actual account results can differ because of rate changes, timing, fees, taxes, rounding, deposits, withdrawals, or provider-specific rules.
Learn more about compound interest from the Consumer Financial Protection Bureau. Results are estimates and are not a promise of investment returns.
Frequently asked questions
Are these results guaranteed?
No. This tool provides an estimate based on your inputs. It does not guarantee a bank rate, investment return, or future purchasing power.
Can I use this calculator outside the United States?
Yes. Enter amounts in your preferred currency and interpret the result in that same currency. The calculator does not convert currencies or fetch live exchange rates.
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For education only. This calculator is not financial, tax, or investment advice.