Savings Goal Calculator — Monthly Savings Plan

Q: Are results stored?

No. All calculations run in your browser. No data is sent to any server.

Enter your target amount, timeframe and interest rate to find out how much to save monthly — or calculate the future value of your regular savings.

Instant result Runs in browser

Target Amount

Annual Interest Rate

% / annual

Duration

What Is Compound Interest?

With compound interest, earned interest is added back to the principal each period. This snowball effect means that even small regular contributions can grow significantly over time.

Formula

Monthly rate = Annual rate ÷ 12
Monthly PMT = FV × r ÷ ((1+r)^n − 1)

r = monthly rate, n = months

How to use?

1
Choose a modeDo you want to find the monthly payment needed to reach a goal, or see how much a fixed monthly amount will grow?
2
Enter valuesEnter the target or monthly amount, annual interest rate, and duration.
3
Review resultsSee monthly savings, total amount, total deposited, and interest earned.

FAQ

What if I enter 0% interest?

With 0% interest the tool uses simple division: Monthly = Goal ÷ Months. Total equals deposited amount since no interest is earned.

Which interest rate should I use?

Enter the annual gross rate. Keep in mind that taxes and fees will reduce your net return. Using the net annual yield of your savings account gives the most realistic result.

Can I adjust for inflation?

To account for inflation, use the real interest rate: Real rate = ((1 + nominal) ÷ (1 + inflation)) − 1. For example, 6% nominal and 3% inflation gives a real rate of about 2.9%.