Savings Goal Calculator
Free savings goal calculator to plan your financial future. Calculate monthly savings needed to reach your target amount on time.
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Plan Your Path to Financial Goals
Whether saving for a vacation, emergency fund, down payment, or retirement, our savings goal calculator tells you exactly how much to set aside each month to reach your target on time.
Strategic Savings Planning
A savings goal calculator helps you reverse-engineer your financial targets. By inputting your goal amount, current savings, timeframe, and expected interest rate, you can determine the precise monthly contribution needed to achieve your objective.
Monthly Savings Formula
PMT = (FV - PV(1+r)^n) / [(1+r)^n - 1] / rWhy Use This Calculator?
Realistic Goals
Determine if your goal is achievable in the desired timeframe.
Considers Interest
Include investment returns in the calculation.
Flexible Planning
Adjust variables to find the plan that works for you.
How to Plan Your Goal
Common Savings Goals
House Down Payment
Save for the down payment on your home.
Emergency Fund
Build a financial cushion for unexpected expenses.
Vacation
Plan and save for your next trip.
Education
Prepare for future education expenses.
Frequently Asked Questions
If saving in a high-yield savings account, include that rate. For investments, use conservative estimates (5-7% for stocks historically). Remember that investment returns aren't guaranteed.