Savings Goal Calculator
Calculate the monthly deposit needed to reach a goal at a fixed rate.
Processing stays in your browser. Assumes deposits at month end and monthly compounding. Rate changes, fees, taxes, and inflation are excluded.
How to use the savings goal calculator
Calculate the monthly deposit needed to reach a goal at a fixed rate. Complete the savings goal, current savings, months until goal, annual rate (%) fields above. Choose Run tool, review the output, then copy or download the result.
Example
With no interest, a 10,000 goal and 1,000 saved over 24 months need 375 per month.
Good to know
Assumes deposits at month end and monthly compounding. Rate changes, fees, taxes, and inflation are excluded.