Savings Goal Calculator
Enter a savings goal, current savings, timeframe, and expected return to calculate the monthly contribution needed to reach it.
$357.49
needed per month to reach your goal
Assumes a constant monthly contribution and a constant rate of return, neither of which real saving or investing guarantees. Treat the result as a planning estimate to check whether a goal is realistic, not a precise prediction.
Frequently asked questions
What should I enter for expected annual return?+
0% for a plain savings account balance that isn't invested. For money in an interest-bearing account or invested, use a conservative estimate of the expected return, overestimating this makes the required monthly contribution look smaller than it realistically needs to be.
Does this assume the contribution stays exactly the same every month?+
Yes, a constant monthly contribution and a constant rate of return, which is a simplification real saving and investing don't guarantee. Treat the result as a planning estimate to check whether a goal is realistic, not a precise prediction.
What if my current savings already exceed what's needed?+
The calculator will show $0 as the required monthly contribution, since your existing savings, grown at the expected rate, already clears the goal within the timeframe.