What if I earn no return?
Enter 0 and it divides what is left evenly across the months.
Savings Goal Calculator
What to save each month.
Save this each month
$0- For
- 12 months
- Status
- You will get there without adding more
How it’s calculated
- What you have grows at the return
- Monthly = what is left × monthly rate ÷ ((1 + monthly rate)^months − 1)
Example: To reach $50,000 in 5 years from $5,000 at 4%, save $662.08 a month.
About the Savings Goal Calculator
The monthly amount that reaches your goal on time, counting what you have and its return.
How to use this tool
- Enter your goal and what you have.
- Enter a yearly return.
- Enter how many years you have.
Frequently asked questions
Does this include tax on interest?
No. Use a slightly lower return to allow for it.