About this savings goal calculator
Estimate the recurring amount needed to reach a savings target based on a starting balance, interest rate, and timeline.
How to use it
Enter the values requested by the calculator. Results update in your browser as you change the inputs. Review the assumptions shown on the calculator before using the result.
Formula
required contribution depends on target, current savings, rate, and number of periods
Example
Enter the target amount and your current savings, then adjust the monthly contribution and rate to see the projected result.
Frequently asked questions
What does the savings goal calculator show?
Estimate the recurring amount needed to reach a savings target based on a starting balance, interest rate, and timeline.
Are the results exact?
The result is calculated from the inputs and assumptions shown on this page. For important financial, health, tax, or legal decisions, verify the result with an appropriate professional or authoritative source.