Savings Goal Calculator

Work out how much to save each month to reach a future goal. Free to use online with no sign-up. Fast and mobile-friendly.

Set a target, current balance, estimated return and timeframe to estimate the monthly saving required.

Formula

The calculation uses future value of the current balance plus an ordinary annuity for monthly contributions.

Example

If the goal is already covered by projected growth, the required new monthly contribution is zero.

Frequently asked questions

Is the savings goal calculator free to use?: Yes. The tool is free to use and does not require an account.
Is my input stored?: For browser-based tools, your input stays on your device. The URL shortener is the exception because short links must be stored to redirect later.