Plan your savings goal
Whether you're building an emergency fund, saving a house deposit, or planning a big purchase, this calculator tells you the monthly amount needed to hit your target on time. It accounts for the interest your balance earns along the way, so the required contribution is a little lower than simply dividing the goal by the number of months.
How it's calculated
We solve the future-value formula for the monthly contribution: the goal must equal your current balance grown at interest, plus the future value of each monthly deposit. A higher interest rate or a longer timeframe both reduce how much you need to set aside each month.
Frequently asked questions
What rate should I enter?
Use the APY of where you'll keep the money — for example a high-yield savings account or money-market fund for short-term goals. For very short timeframes, interest makes little difference, so you can even enter 0%.
What if I can't afford the monthly amount?
Extend the timeframe, lower the goal, or increase your starting balance. Small changes to the time to goal can significantly reduce the monthly amount required.