Savings Goal Calculator
How much to save each month
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About this calculator
Set a target, how much you already have, and how long you have. The calculator tells you the monthly deposit required, taking any interest you expect to earn into account.
The formula
Monthly saving = (goal − current × (1+r)^n) × r ÷ ((1+r)^n − 1), r = annual rate ÷ 12
Worked exampleGoal 12,000 in 24 months with nothing saved and no interest → 500 per month.
Frequently asked questions
What if I have no interest?
Leave the rate at 0 and the goal is split evenly over the months.
Can I change the deadline?
Yes, set the time in months or years.
Should I keep savings in a separate account?
Many people do, it makes progress visible and reduces temptation to spend.
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