How the savings goal calculator works
Tell us the amount you want, when you want it, what you have already saved, and the return you expect. We solve for the monthly contribution that gets you there, letting compound growth cover part of the goal so you do not have to save the full amount out of pocket.
PMT = ( Goal − P(1+i)ⁿ ) / [ ((1+i)ⁿ − 1) / i ]
P = already saved · i = monthly rate (annual ÷ 12) · n = months
Frequently asked questions
What if I can't save that much per month?
Extend the timeframe or lower the goal. A longer horizon means smaller monthly contributions and more help from compound growth. Adjust the years above to see the trade-off.
Where should I keep the money?
For short goals (1–3 years), a high-yield savings account or money market keeps it safe. For longer goals you might accept more risk for a higher expected return, set the return rate to match.
Does the starting balance matter?
A lot. Money you have already saved keeps compounding the whole time, so it shrinks the monthly amount you need. Enter your real current balance for an accurate plan.
Estimates only, not financial advice. Returns are not guaranteed.