Savings Goal Calculator
Turn any goal into a monthly savings number.
A goal without a monthly number is just a wish. Enter what you're saving for, when you need it and the return you expect, and this calculator tells you exactly what to set aside each month. Automate that transfer and the goal takes care of itself.
How it's calculated
Monthly payment = goal × r ÷ ((1+r)^n − 1), the ordinary-annuity formula, where r is the monthly return rate and n the number of months.
Frequently asked questions
What return should I assume on short-term savings?
For goals under 2–3 years, assume a modest savings-account rate (3–5%) or even 0% to be safe. Market investing over short horizons can easily end below your target.
What if I can't afford the monthly amount?
You have three levers: extend the timeline, lower the goal, or earn a higher return (which adds risk). Extending the timeline is usually the most powerful and least risky lever.
Should I count on interest at all?
For long goals it helps noticeably; for short ones it barely matters. Try your numbers with 0% return to see the pure savings requirement, then with your expected rate to see the boost.