Savings Goal Calculator
Work out how long until you hit a savings goal, or the monthly contribution needed to reach it in time.
How to use it
- Choose what to solve for Time needed, or monthly contribution.
- Enter your goal and savings Target amount and what you've saved so far.
- Add a return rate An optional annual return, compounded monthly.
Examples
| 10k, 250/mo, 4% | ~36 months |
|---|---|
| Reach in 2 yr | monthly needed |
About this tool
Setting a savings goal is easier when you can see the timeline. This calculator answers two questions: how long it will take to reach your target at a given monthly contribution, or how much you need to set aside each month to get there by a deadline.
Both modes assume your balance earns an annual return compounded monthly, so the projection reflects real growth rather than a flat sum. Adjust the numbers and the answer updates instantly — all in your browser, with nothing stored.
Frequently asked questions
Does it account for interest?
Yes. Contributions and your starting balance grow with an annual return compounded monthly, so the timeline reflects realistic growth.
What if the goal is unreachable?
If your contribution and return can never reach the goal, the tool says so rather than showing an impossible number.
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Updated June 13, 2026