Savings Goal Calculator | Monthly Savings & Time to Reach Your Goal

Q: How is monthly savings needed calculated?

If APY is 0, it is (goal - current) / months. With APY, it uses a future value formula to estimate the payment needed to reach the goal in the chosen time.

Q: What time period should I choose?

Pick a realistic timeline you can stick to. Shorter timelines require higher monthly savings. Longer timelines reduce required savings but may be affected by changing rates and expenses.

Q: Does this include taxes, fees, or inflation?

No. This is an estimate for planning. Real outcomes may differ due to taxes, fees, changing rates, and inflation.

Q: What if I already have more than my goal?

Then the gap is zero and the tool will show that your goal is already reached.

Q: Does this tool store or upload my data?

No. All calculations run locally in your browser and are not uploaded.

Inputs

Choose a goal and timeline. Optionally add APY for an estimate (not guaranteed).

Currency symbol

Goal amount

Current savings

Time horizon (months)

Monthly contribution (optional)

Optional annual yield (APY %)

Display decimals

Gap to goal

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Monthly savings needed (to hit goal by horizon)

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If you save the entered monthly amount, time to goal

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Estimated goal date (using entered monthly amount)

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Month	Start	Interest	Contribution	End
Calculate to see a preview

How to use

Enter your goal amount and current savings.
Set a time horizon (months) to see monthly savings needed.
Optionally enter a monthly contribution to estimate time to goal.
Add APY only for a rough estimate (not guaranteed).

How it works

The tool computes the gap and estimates: monthly savings needed to hit the goal by your horizon, plus time to goal if you provide a monthly contribution.

Math assumptions (click)

Gap = max(0, goal − current).
If APY is set: monthly rate ≈ (1 + APY)^(1/12) − 1.
Monthly needed uses a standard future value solve (or simple division if APY is 0).
Time to goal is computed with a month-by-month simulation.

Privacy & disclaimer

Local-only: All calculations run in your browser. This page does not upload your data.

Disclaimer: Educational estimates only. Not financial advice. Real outcomes can differ due to rates, taxes, fees, account rules, and personal circumstances.

Public PC warning: Avoid entering sensitive numbers on shared devices.

FAQ

How is monthly savings needed calculated?

If APY is 0, it is roughly (goal − current) ÷ months. With APY, it uses a future value formula to estimate the monthly amount needed to reach your goal in the chosen time.

What time period should I choose?

Pick a timeline you can realistically stick to. Shorter timelines require higher monthly savings. Longer timelines reduce required savings but may be affected by changing rates and expenses.

Does this include taxes, fees, or inflation?

No. This is a planning estimate. Real outcomes can differ due to taxes, fees, changing rates, and inflation.

What if I already have more than my goal?

Then the gap becomes zero and the tool will show that your goal is already reached.

Does this tool store or upload my data?

No. All calculations run locally in your browser. Nothing is uploaded by this page.