Savings Goal Calculator
Tell it the amount you're saving for and the deadline — it tells you the exact monthly deposit that gets you there, interest included.
Save this much per month
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Total you deposit —
Interest earned —
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How it works
Monthly deposit = (goal − current·(1+i)ⁿ) · i ÷ ((1+i)ⁿ − 1)Frequently Asked Questions
How much do I need to save per month?
Divide the gap by the months, then let interest help: saving toward $20,000 in 3 years starting from $2,000 at 4% APY needs about $460/month — interest covers the rest.
Where should short-term savings live?
For goals under ~5 years, high-yield savings accounts and CDs beat investing: the return is smaller but the balance cannot crash the month before you need it.
Does starting earlier really matter for small goals?
Yes — the required monthly amount scales almost linearly with time. Starting a year earlier on a 3-year goal cuts the monthly deposit by roughly a third.