Savings Goal Calculator
Pick a goal and a deadline. This works out the monthly deposit, counting the interest your savings earn along the way.
Results
How it works
Deposit = (goal - saved x (1 + r)^n) x r / ((1 + r)^n - 1), with r = rate / 12 and n months. At 0% it is (goal - saved) / months.
FAQ
APY or APR?
For a savings account the APY is close enough here; the calculator compounds monthly.
Is the deposit at the start or end of the month?
End of the month, which is slightly conservative.
What if the result is $0?
Your current savings will grow to the goal on their own at that rate.
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Estimates, not tax or financial advice. Check important numbers with a qualified professional.