Savings Goal Calculator
Find out how much you need to save each month to reach your financial goal on time.
Find out how much you need to save each month to reach your financial goal on time.
The total amount you want to save.
How much you have already saved.
Expected annual return on your savings.
The monthly contribution needed depends on your goal, existing savings, the interest rate, and the time horizon. Starting earlier dramatically reduces how much you need to save each month.
To save $20,000 for a house down payment in 3 years with $3,000 already saved and a 4.5% APY account, you'd need to contribute roughly $460/month.
Saving the same $20,000 over 5 years instead of 3 years drops the required monthly payment to about $250/month — nearly half — illustrating why starting early matters.