Savings Goal Calculator
Work backwards from your goal. Enter the amount you want, your deadline, current savings and the interest rate you earn — and see exactly how much to put aside each month.
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Save ⟶How to use the Savings Goal Calculator
- 1Enter savings goal in the form on the left.
- 2Fill in the remaining fields — the result updates automatically as you type.
- 3Review the highlighted result and the supporting breakdown on the right.
- 4Use Copy, Share or Print to save or send your result.
Turning goals into monthly numbers
A goal without a monthly number is a wish. This calculator solves the future-value formula in reverse: given a target, a deadline and an interest rate, it finds the regular deposit that gets you there.
Automating the transfer on payday is the single most effective savings tactic — money you never see is money you never spend. High-yield savings accounts can meaningfully shorten the path for multi-year goals.
Frequently Asked Questions
▸Where should I keep short-term savings?
For goals within 1–3 years, high-yield savings accounts or fixed deposits are usually appropriate — the priority is capital safety, not maximum return.
▸What if I can't afford the monthly amount?
Either extend the deadline, lower the goal, or find a higher (but riskier) return. Adjust the inputs to see what combination works.