Savings Goal Calculator

How this calculator works

Enter your savings goal, what you've already saved, how long you have, and an expected annual return. The calculator works backward from your goal to tell you the fixed monthly amount you'd need to set aside to get there — accounting for growth on both your existing savings and every future contribution.

Why the expected return matters

Even a modest return compounds meaningfully over several years, which lowers the monthly amount you actually need to contribute compared to saving in cash alone. If you're saving in a plain savings account, use a low or 0% rate; if you're investing the money, a more realistic long-term average return will give a more accurate monthly figure — though returns are never guaranteed.