Everyday money
Turn a savings goal into a monthly plan.
Choose a target date or a monthly contribution. See the projected finish date, estimated growth, and how a little more each month could change the plan.
Your result
Your savings plan will appear here.
Enter a goal, then choose whether to solve for the monthly amount or the projected goal date.
Your savings plan
Estimated growth
Time to goal
Monthly contribution
Contributions are modeled at month end.
How the balance could grow
The first 12 months are shown below. The final row is also included when the plan lasts longer than one year.
| Month | Date | Deposit | Growth | Balance |
|---|---|---|---|---|
The monthly-target formula
The calculator first projects how your current savings could grow, then uses the future-value formula for equal end-of-month deposits to fill the remaining gap by your target month.
Why the return is only an estimate
Savings rates and investment returns can change. This tool converts the annual estimate to a monthly rate and compounds monthly, but real accounts may compound daily and investments can lose value.
A practical planning habit
Treat the calculated monthly amount as a starting point. Automating deposits, reviewing the plan after income changes, and keeping the goal separate from everyday spending can make progress easier to sustain.
Match the account to the goal
Short-term goals often benefit from stable, accessible accounts, while longer timelines may allow more investment risk. Consider fees, taxes, withdrawal rules, deposit insurance, and how soon you may need the money.
This calculator provides educational estimates, not financial or investment advice. It does not model taxes, fees, changing rates, market losses, irregular deposits, or inflation. Actual results will vary.
Keep calculating
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