Savings Goal Calculator
Find the monthly amount needed to hit a target.
To reach $50,000 in 8 years at 7% return, invest about $322 every month on top of your existing savings.
About this calculator
Set a target amount and a deadline, and this calculator tells you how much to invest each month to get there. It accounts for any savings you already have and the compounding on future contributions, so you get a realistic monthly figure rather than a simple division.
Use it to plan for a down payment, a car, or any goal with a number and a date. If the monthly amount looks too high, try extending the timeline or a slightly higher (but realistic) return.
Frequently asked questions
What if I already have some savings?
Enter your current savings and the calculator grows that balance forward too, reducing the monthly amount you need to add.
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These calculators are for general information and planning only. They use the assumptions you enter and do not constitute financial, tax, or investment advice. Tax figures are simplified estimates for the stated tax year. Returns are not guaranteed; verify figures independently before making decisions.