Savings Goal Calculator

Find out exactly how much to save each month to hit a target — a house deposit, an emergency fund, a dream trip.

Your goal

Target amount ($)

Already saved ($)

Time to goal (years)

Annual return (%)

Required monthly savings

—

Total you'll deposit

—

Interest earned

—

Path to your goal

Projected balance until target date

Hitting a savings target

The calculator solves the annuity formula in reverse: given a target, a time horizon, a starting balance and an interest rate, it finds the fixed monthly deposit that lands exactly on your goal. Even a modest yield — today's high-yield savings accounts — meaningfully lowers the required monthly amount over multi-year horizons.

Frequently asked questions

Where should goal savings live?

For goals under ~5 years, most planners recommend FDIC-insured high-yield savings accounts or CDs rather than stocks, because a market dip near your deadline could derail the goal.

How big should an emergency fund be?

Three to six months of essential expenses is the standard range — closer to six if your income is variable or you're a single-earner household.