INTERACTIVE TOOL
Savings goal calculator
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How to use this tool
- Enter the total target.
- Enter existing savings and months until the target.
- Set the scenario rate and review the required monthly contribution.
Formula or method usedThe required contribution uses the future value of the current balance and a monthly annuity.
Worked example
Reaching 2400 in twelve months from zero without interest requires 200 per month.
Assumptions and limits
The result assumes regular contributions and a constant rate.
Frequently asked questions
What if I have already reached the goal?+
The tool will indicate that no additional contribution is required to reach that amount.
What happens to my inputs?+
Calculation inputs are processed locally in your browser. Favorites and preferences may be saved on this device. The site may perform separate network requests for live panels; these do not include the values entered into this local calculator. Do not paste secrets into public tools.
How should I check the result?+
The result assumes regular contributions and a constant rate.