Savings Goal Calculator
Whether you're saving for a wedding, a down payment, or an emergency fund, this calculator works backward from your target amount and deadline to tell you the exact monthly contribution required.
$0.00 / month
How It Works
This is a reverse annuity calculation. Your current savings are first projected forward with interest, then the shortfall between that projection and your goal is spread evenly across the remaining months, also accounting for the interest each future contribution will earn before your deadline. If interest earned already gets you there, the required monthly contribution will simply show as zero.
Worked Example
Saving toward a $15,000 goal with $2,000 already set aside, at 4% annual interest, over 24 months requires contributing about $515/month. The existing $2,000 grows to roughly $2,166 on its own over those two years, leaving a gap of about $12,834 that your monthly contributions — plus the interest they earn along the way — need to close. Stretch the timeline to 36 months instead and the required contribution drops to around $335/month, showing how much breathing room a slightly longer deadline can buy.