Tool 05 of 10

Savings Goal Planner

ReviewedLast reviewed Oct 2026 · Educational formulas

Find the monthly amount you need to save to reach a target by a deadline.

Inputs

Use 0 for a plain savings jar.

Results

Enter your values and press Calculate. Results update live after the first calculation.

How it works

Your current savings grow at the monthly rate r (annual return ÷ 12) for n months. The remaining gap is covered by equal end-of-month deposits:

PMT = (Goal − Current × (1+r)n) × r / ((1+r)n − 1)

With a 0% return this is simply the gap divided by the number of months. Investment returns are never guaranteed.

Estimates for educational purposes only. Results are approximations and not financial advice. See the disclaimer.