Savings Goal Calculator
Monthly deposit or time to reach a goal
For reference only. Assumes deposits at the end of each month and monthly compounding at the annual rate divided by 12. Taxes, fees and inflation are not included. Actual returns will differ.
How to use
Enter a target amount, what you already have, an expected annual return and a period to find the monthly deposit you need. You can also fix the monthly deposit and see how many years and months it takes. Total contributions and estimated earnings are shown too.
Q. How much should I save each month to reach my goal?
A. Enter the target, your current savings, the annual return and the period, then choose 'Find monthly deposit'. With a 0% return the result is simply the shortfall divided by the number of months.
Q. Are taxes and inflation included?
A. No. Taxes, fees and inflation are not included. Use the savings interest calculator for interest tax and the inflation calculator for purchasing power.