Savings Goal

The monthly saving needed to reach a target amount by a deadline.

Enter values

Target amount

Time to goal

years

Expected return

% p.a.

—

Savings build-up to your goal

The formula

monthly = target × i / (((1 + i)ⁿ − 1) × (1 + i))

Working backwards from a target tells you what to save each month, with expected growth doing part of the work for you. The longer the horizon, the larger that contribution — which is why starting earlier reduces the monthly burden far more than saving harder later.

All calculations run locally in your browser and update instantly as you type.

Example calculations

Common questions this calculator answers — select one to load its values.

How much must I save monthly to reach $50,000 in 5 years at 6%? Save per month $713.07 What monthly saving reaches $20,000 in 3 years at 4%? Save per month $522.07

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Frequently asked questions

Does this account for returns on my savings?+

Yes — each deposit is assumed to grow at your expected annual return, compounded monthly and invested at the start of each month (matching our SIP calculator).

All calculations run locally in your browser. Nothing you type is sent to a server.