Savings Goal Calculator
Calculate how much to save each month for your goal using current savings, time, interest and optional inflation.
Calculate the monthly savings needed for your goal.
Stays on your device
Required monthly savings
$250.00
- Projected ending balance
- $10,000.00
- Total own money
- $10,000.00
- Expected investment growth
- $0.00
- Future contributions
- $9,000.00
- Buffer above target
- $0.00
- Progress toward today’s goal
- 10%
- Per year
- $3,000.00
- Per week
- $57.692
Show savings schedule
| Year | Opening balance | Contributions | Growth | Closing balance | Remaining to target |
|---|---|---|---|---|---|
| 1 | $1,000.00 | $3,000.00 | $0.00 | $4,000.00 | $6,000.00 |
| 2 | $4,000.00 | $3,000.00 | $0.00 | $7,000.00 | $3,000.00 |
| 3 | $7,000.00 | $3,000.00 | $0.00 | $10,000.00 | $0.00 |
This calculation is an estimate, not financial or investment advice. Returns and inflation are assumptions.
Good to know
Good to know
The savings goal calculator calculates the required monthly savings rate for a savings goal directly in your browser. The interest rate can be entered as an effective or nominal annual rate with its own compounding frequency, and the contribution can be made at the start or end of the month — both affect the result.
Typical searches include calculate savings goal, calculate monthly savings rate, and save for a target amount. Calculation runs locally in the browser. An optional inflation consideration shows the nominal future goal compared to today's purchasing power; the required rate is also shown as a daily, weekly, and annual budget.
Typical use cases
Determine the required savings rate for a goal
Enter the target amount, term, and expected interest to calculate the monthly savings rate that reaches the goal.
Factor in the purchasing power of the goal
Enable the inflation consideration to see how much the nominal savings goal is actually worth in today's purchasing power.
Tips for better results
Pay attention to contribution timing
A contribution at the start of the month brings slightly more interest than at the end — over long terms, the difference adds up.
Prefer effective over nominal rate when known
If your savings product states an effective annual rate, use it directly — it already accounts for compounding.
How it works
How it works
Step by step
Features
Features
Effective or nominal rate
Enter the rate as effective or nominal, with its own compounding frequency.
Purchasing power comparison
See the nominal future goal compared to today's purchasing power under assumed inflation.
Budget as daily, weekly, and annual figures
The required savings rate is also shown as a daily, weekly, and annual budget.
Frequently asked questions
Frequently asked questions
Does the calculator account for inflation?
Optionally yes — you can enter an expected inflation rate to compare the nominal goal with today's purchasing power.
Are my inputs uploaded?
No. Calculation runs entirely locally in the browser.
More tools
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Calculate projected balance, contributions and interest from current savings, a monthly contribution, time and annual interest.
Compound Interest Calculator
Calculate final balance, contributions and interest from a starting amount, annual rate, term and optional recurring deposits, fully local in your browser.
Budget Calculator
Plan a monthly budget from net income, needs, wants and financial goals, with an optional detailed frequency-based breakdown.