Free tool
Savings goal calculator
How much should you save each month to reach a goal by a date? Enter the goal, the months you have, what you've already saved and your account's APY. Savings rates are variable, so treat the interest as an estimate. Nothing is stored.
Save each month
$229 a month
- You put in
- $2,942
- Interest earned
- $58
- Without interest
- $233/mo
- Per paycheck (twice monthly)
- $114
Assumes monthly deposits and a steady APY with monthly compounding. Real rates change, and interest is taxable. See APY explained.
Saving for several things?
Run the calculator once for each goal, then add the monthly amounts together and move that total on payday. That's a sinking fund system. Our free Sinking Funds Workbook helps you track them all.