Savings Goal Calculator
Have a target and a deadline? This tells you the exact monthly contribution needed to get there, assuming compound growth.
How it works
PMT = (Goal − FV_current) · r / ((1+r)^n − 1) where r = monthly rate, n = months
- First, your existing savings are projected forward with compound growth — what they'll be worth by your deadline.
- The gap between that future value and your goal is what monthly contributions must fill.
- A higher assumed return lowers the required payment, but never plan on rates you can't rely on.
FAQ
What if I can't afford the required monthly amount? Extend the deadline, lower the goal, or look for a better rate — this calculator lets you test each lever instantly.
Is the contribution made monthly or annually? Monthly, at the end of each month.
Can I use this for a house deposit? Yes — it's commonly used for house down-payment planning.