Savings Goal Calculator

Calculate how long to reach a savings goal.

How to Do It Manually

Calculate monthly savings needed to reach a goal by using: target amount, timeline, and interest earned on savings.

Monthly Savings = [Goal − (Current Savings × (1+r)^t)] / [((1+r)^t − 1) / r]
  1. Determine your goal amount.
  2. Set a timeline (years/months).
  3. Enter expected interest rate (savings account, investment return).
  4. Calculate required monthly savings.

Frequently Asked Questions

How much emergency fund should I have?

3–6 months of living expenses. Start with 1 month, build to 6.

Where should I save?

High-yield savings (4–5% APY), CD, or money market for safety. Invest longer-term savings.