Finance Tools / Savings Goal Calculator
Savings Goal Calculator
Find out how much to save each month to hit your target.
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Savings Goal Calculator
Find out how much to save each month to hit your target.
Features
- Accounts for money already saved
- Optional interest rate input
- Works for any time frame
- 100% free, no signup
How to Use
Step 1
Enter your savings goal and current savings.
Step 2
Enter your time frame and expected interest rate.
Step 3
Click Calculate Monthly Savings to see your target.
About This Tool
Savings Goal Calculator works backward from a savings target, current savings, and time frame to tell you exactly how much you need to set aside each month, optionally factoring in interest.
Frequently Asked Questions
What if I set the interest rate to 0?
The calculator simply divides the remaining amount evenly across your time frame, no compounding involved.
Can I use this for any currency?
Yes, the calculation is currency-agnostic — just be consistent with the numbers you enter.