Savings Goal Calculator
The monthly amount that gets you to a target by a certain date.
Method
How it works
Current savings are first grown at the entered annual return for the full period. That future amount is subtracted from the target to determine the shortfall.
The monthly contribution is the fixed end-of-period amount required to cover that shortfall under monthly compounding. Returns are assumed constant and tax, fees and inflation are excluded.
Common questions
Frequently asked questions
Does the calculator grow my existing savings?
Yes. Existing savings are compounded monthly at the entered annual return over the full term.
When are monthly savings assumed to be deposited?
The annuity formula treats them as regular end-of-period monthly contributions.
What happens if current savings already grow beyond the goal?
The remaining shortfall is zero or negative, so no positive monthly contribution is required under the entered assumptions.
Not financial advice. This calculator is for general informational purposes only. Check figures independently before making financial decisions.