Savings Goal Calculator
Find a monthly contribution needed to reach a future balance under a fixed rate assumption.
Example result
- New contributions over term
- 34,199.65
Uses monthly compounding and end-of-month contributions. A target already reached by assumed growth requires no additional contribution.
How to calculate it
Uses monthly compounding and end-of-month contributions. A target already reached by assumed growth requires no additional contribution.
Worked example
This is an illustrative scenario, not a market benchmark. Select “Reset to example” to reproduce it in the calculator.
- Target balance
- 50,000 currency units
- Current balance
- 10,000 currency units
- Nominal annual interest rate
- 4 %
- Months until target
- 60 months
Required monthly contribution: 569.99
Savings Goal FAQ
Can I rely on the assumed investment return?
No. Use a conservative scenario and compare with a 0% rate. Market returns and fees can differ materially.
What does this calculation leave out?
Uses monthly compounding and end-of-month contributions. A target already reached by assumed growth requires no additional contribution.
Are my inputs saved or sent to a server?
Calculations run in your browser. We do not send your inputs or results to our server or analytics. A comparison stays in this tab until it is refreshed. A CSV is saved only when you choose to download it. See our privacy policy for ordinary hosting and optional analytics data.
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