Find out how much you should save each month to hit a specific savings target on time, with optional investment growth.
This calculator assumes monthly contributions and monthly compounding based on the annual interest rate you enter.
This tool calculates the monthly amount you need to save to reach a target balance by a certain time, using:
It assumes monthly contributions and monthly compounding. If the result shows that your current savings already meet or exceed your goal, the required monthly saving will be shown as zero.
Use this calculator to plan an emergency fund, a down payment, a big purchase or any other medium- to long-term savings goal.