How much do I need to save each month to reach my goal?
Set a target and a deadline, and this tool tells you the monthly amount you need to save — including the interest your savings will earn along the way.
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How this calculator works
The calculator grows your current savings at the expected rate, then solves for the monthly deposit that closes the remaining gap by your deadline, assuming interest compounds monthly.
Frequently asked questions
What rate should I use?
Use your savings account rate for short goals (under 3–5 years). Stock market returns are too unpredictable for money you need soon.
Can I reach my goal faster?
Add windfalls such as bonuses or tax refunds, or extend the deadline to lower the monthly amount.