Save for a goal

Savings Goal Calculator — How Much Should I Save Each Month?

Start with the goal and the deadline. This calculator works backward to estimate the monthly deposit needed, then shows how the balance could build over time.

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Your monthly savings target

The sample values are calculated automatically. Change the assumptions to see your own estimate.

These calculators provide mathematical planning estimates, not financial, tax, legal, or investment advice. Actual rates, returns, fees, taxes, market values, and lender practices can change the result.

Understand the result

Work backward from the amount and deadline

Many savings calculators tell you what your current habit might become. This one answers the opposite question: “What do I need to save each month to get there?”

The current balance is allowed to earn the same modeled return as future monthly deposits. If the current balance could reach the target on its own under the assumption, the required monthly deposit can be zero.

Good uses for this calculator

Down payment planning
Emergency-fund goals
Large purchases
Education or travel savings

Frequently asked questions

What return should I use for a savings account?

Use a rate that reflects the account or investment you actually expect to use, and consider testing a lower rate as well.

Does the calculator adjust for inflation?

No. The target is entered in future nominal dollars. Increase the target if you want to account for future price increases.

What if I already have enough saved?

The calculator will ask you to raise the target because the monthly amount needed is already zero.