Free calculator
Savings Goal Calculator
Free Savings Goal Calculator with instant browser-based results and a clear calculation breakdown.
💰 Savings Goal Calculator
Calculate how much you need to save regularly to reach your financial goal, or determine when you'll reach your target based on your current savings plan.
$
$
months
%
Required Regular Contribution:
$0.00
Savings Goal:
$0.00
Current Savings:
$0.00
Amount Needed:
$0.00
Total Contributions:
$0.00
Interest Earned:
$0.00
Time Period:
0 months
How this works: This calculator uses the future value of an annuity formula to determine your required periodic contribution. It accounts for compound interest earned on both your initial savings and regular contributions. The formula calculates: PMT = (FV - PV × (1 + r)^n) / (((1 + r)^n - 1) / r), where PMT is the payment amount, FV is your goal, PV is current savings, r is the periodic interest rate, and n is the number of periods. Results are estimates based on the inputs provided.
Want to understand the calculation?
Read the guideSee examples, formula notes and limitations.