Finance
Savings Goal Calculator
Find the monthly deposit to hit your target.
Result
$662.08 / mo
Required monthly deposit
Starting grows to
$6,104.98
Gap to fill
$43,895.02
Download results
Quick summary
A savings-goal calculator tells you how much to set aside each month to reach a target amount by a chosen date.
How to calculate savings goal manually
- Define your target amount and time horizon in months.
- Pick an expected annual return r and compute monthly rate i = r / 12.
- Solve PMT = FV · i / ((1 + i)^n − 1) for the required monthly deposit.
- Adjust the timeline or return assumption if the payment is unrealistic.
Compute the monthly contribution needed to reach a savings goal in a fixed time at a given return.
How it works
PMT = (Goal − Start·(1+i)^n) · i / ((1+i)^n − 1).
Example
Goal $50K, $5K start, 5 years at 4% → ≈ $677/mo.
Insight
Monthly savings needed to hit $50,000
Required monthly contribution for different time horizons and rates.
| Horizon | @ 2 % HYSA | @ 7 % invested |
|---|---|---|
| 2 years | $2,043 | $1,945 |
| 5 years | $793 | $697 |
| 10 years | $377 | $289 |
| 15 years | $239 | $158 |
| 20 years | $170 | $96 |
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