Calculator
Savings Goal Calculator: How Much to Save Each Month
Enter your goal amount, your current balance, an expected interest rate, and how many years you have — we'll tell you exactly how much to save each month to get there.
Inputs
$
$
%
years
Results
- Save each month
- $335.04
- Total you'll contribute
- $20,102.37
- Interest working for you
- $2,897.63
Includes inputs, results, and schedule.
Balance growth
Projected balance over time
Contributions vs growth
What you put in vs what it earned
Save smarter, not harder
Automating a fixed transfer on payday is the single most effective savings habit. Set the monthly amount from this calculator as a standing transfer into a dedicated high-yield savings account.
Frequently asked questions
What's a realistic interest rate for a savings goal?
For short-term goals (1–3 years), use the APY on a high-yield savings account or CD. For longer horizons in a brokerage account, 5–7% is a common assumption.
How big should my emergency fund be?
A common rule of thumb is 3–6 months of essential expenses in a high-yield savings account. Set that number as your goal and pick a target date you're comfortable with.
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