Savings Goal Calculator
Find out how much to save each month to reach a target amount by a deadline.
Result
Monthly deposit needed
41,666.67
Total you deposit
1,000,000.00
Interest earned
0.00
How it works
deposit = (target − initial·(1+i)ⁿ) ÷ ((1+i)ⁿ−1)/i
Enter your target, how many months you have, anything already saved and an optional interest rate. The tool returns the fixed monthly deposit that gets you to the goal. With a 0% rate it's simply (target − already saved) ÷ months.
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Frequently asked questions
How much should I save per month?
Divide what you still need by the number of months. With interest, the required deposit is a bit lower — this tool does the exact math.
Does it account for interest?
Yes — set an annual rate and it assumes monthly compounding. Leave it at 0 for a plain savings plan.
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