Turn a savings goal into a monthly number. Enter the amount you want, how many years you have, what you have saved already and an expected return to see the monthly saving needed and how far along you are. These results are estimates for general information only and are not financial, investment or tax advice. Actual figures depend on the terms of your lender or provider and your local tax rules.
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How to Use the Savings Goal Calculator
Enter the amount you want to save, how many years you have, what you have saved so far and the annual return you expect. Press Calculate to get the monthly saving needed.
Reading the results
Monthly saving needed is what you must set aside each month to hit the goal.
Progress so far compares your current savings with the goal.
The tool grows your current savings at the expected return before working out the monthly amount.
If you have already reached the goal, the monthly amount is shown as zero.
Tips
Extend the deadline to lower the monthly amount, or raise your starting savings. Small regular amounts add up thanks to compounding.
Features
Monthly saving needed for any target and deadline
Progress so far versus the goal
Takes existing savings and a return rate into account
Choose your currency and copy the result
All processing runs locally in your browser. Your data is not uploaded to any server.
These results are estimates for general information only and are not financial, investment or tax advice. Actual figures depend on the terms of your lender or provider and your local tax rules.