Tools / Savings Goal Calculator
Savings Goal Calculator
Plan Your Savings Smartly
Use our Savings Goal Calculator to easily find out how much you need to save each month to reach your financial goal—whether it’s a vacation, emergency fund, or big purchase. Just enter your target amount, current savings, time frame, and expected interest rate to get a clear, personalized savings plan.
Why Setting a Savings Goal Matters
A clear savings target helps you stay focused and motivated. Whether your goal is a down payment, vacation, or emergency fund, knowing how much to set aside each month helps you track progress and stay on course.
How the Calculator Works
The calculator uses your desired savings goal, current balance, timeline, and interest rate to compute a monthly savings plan. Adjusting any of these inputs helps you explore different “what-if” scenarios for faster or slower progress.
Example Savings Plans
- Save 100,000 in 12 months with 3% interest → 8,300/month
- Grow 50,000 to 70,000 in 24 months at 1.5% → 775/month
Use our calculator to see your personalized plan.
What to Keep in Mind
These calculations assume consistent savings and fixed interest rate forecasts. Actual results may vary if you withdraw, change contributions, or if interest rates fluctuate.
Quick FAQs
Do I need to include interest rate?
No, interest rate is optional. The calculator works even if you skip it—it’ll just show monthly savings without compound growth.
Can I change the timeline?
Yes, adjusting the timeline shows how much more or less you need to save each month to reach your goal sooner or later.
Is this tool free to use?
Absolutely. It’s completely free—no signup, no limits.