Savings Goal Calculator

Inputs

$
$0$250K
$
$0$25K
150
%
0%50%

Result

Monthly savings needed
$640.87
  • Total you'll contribute$43,452.33
  • Interest earned$6,547.67
  • Current balance grows tobefore adding monthly contributions$6,416.79
  • Time to goal60 months

How to use this calculator

  • Enter your savings goal — be specific about the dollar amount.
  • Type your current balance for this goal (separate accounts is best).
  • Set the deadline in years.
  • Pick a return rate matching where the money lives (HYSA, brokerage, etc.).

About this tool

Set a savings goal — house down payment, car, big trip, kid's college — and the calculator works backwards: given your current balance, time horizon, and expected return, what monthly contribution gets you there? Lower the expected return for safer goals (a savings account: 1-5%), raise it for aggressive ones (a brokerage account in stocks: 6-8%). The math accounts for compounding on both your existing balance and the new contributions, so the monthly number is realistic, not just (target ÷ months).

Frequently asked

You'll see "$0" needed with a 🎉 message. Your existing balance projection exceeds the goal — you're done.

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