Savings Goal Calculator
Get Crystal‑Clear on Your Savings Target
Know the exact monthly deposit required to reach any goal—whether it’s a property down payment, a six‑month safety net, or the first stake in an investment fund. Enter your figures below and watch the path appear.
Power Tips:
- Automate deposits. Let tech move the money on pay‑day.
- Accelerate with windfalls. Drop tax refunds and bonuses straight in—cut months off the timeline.
- Reassess yearly. As income grows, bump contributions or shorten the deadline.
Savings‑Goal Calculator
Frequently Asked Questions
How do you compute the monthly deposit?
We rearrange the future‑value formula to solve for PMT, assuming contributions occur at the end of each month—the same convention Investor.gov uses.
What if my interest rate is zero?
Then it’s pure arithmetic: (goal – current) ÷ total months.
Does it account for inflation?
No. If you want today’s dollars adjusted for future inflation, increase the goal amount or decrease the effective interest rate.