Savings Goal Calculator

Find the monthly amount you need to save to reach a goal by a target date, given an expected return.

Your details

Savings goal$Current savings$Annual return%Years to goal

Required monthly saving

$499.18

Total contributions: $59,902.14

Required monthly saving$499.18

Formula

Required monthly = (goal − current savings compounded) × monthly rate ÷ ((1+rate)^months − 1).

Sources & methodology

•U.S. SEC — saving and investing — SEC

Last updated: 2026-07-19

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