◨ FINANCE Updated July 25, 2026

Savings Goal Calculator

See what you need to put aside each month to hit a goal.

Savings goal
Already saved
Months to goal
Annual interest %
—Save each month
—Total you deposit
—Interest earned
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How it works

Starting savings are grown at your interest rate, then the shortfall is spread across the remaining months using the future-value-of-an-annuity formula, so the monthly figure accounts for the interest your deposits earn along the way.

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Frequently asked questions

What interest rate should I assume?

Use the rate your actual savings account pays. Leave it at zero for a plain, conservative plan.

Is interest compounded monthly?

Yes. The annual rate is divided by twelve and applied each month, which matches most savings accounts.

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