Savings Goal Calculator

Find the monthly contribution needed to reach a target amount by a chosen date.

Goal amount Starting amount Years to reach goal Expected annual rate (%)

Required monthly contribution

$—

Assumes monthly compounding and contributions at end of each month.

How it works

This calculator solves for the monthly contribution needed to reach your goal, given a starting balance, time horizon, and expected annual rate. For irregular deposits or different compounding schedules, use the compound calculator.

Next: learn about APY vs APR when choosing savings products.