Savings Goal Calculator

Find out exactly how much to save each month to reach your financial goal.

Your Goal

Target Amount ($)

Current Savings ($)

Expected Return (%)

Time Horizon (years)

Save Per Month

$283.71

Amount Needed

$95,000

Total Contributions

$51,068

Interest Earned

$43,932

Interest Does

46.2% of the work

Common Savings Goals — Monthly Amount Needed (7% return)

Goal	Target	5 Years	10 Years	20 Years	30 Years
Emergency Fund	$25,000	$349/mo	$144/mo	$48/mo	$21/mo
Down Payment	$60,000	$838/mo	$345/mo	$115/mo	$50/mo
College Fund	$100,000	$1,397/mo	$575/mo	$191/mo	$83/mo
Early Retirement	$500,000	$6,985/mo	$2,876/mo	$957/mo	$413/mo
Retirement	$1,000,000	$13,970/mo	$5,752/mo	$1,914/mo	$827/mo

How to Reach Your Savings Goal Faster

Automate transfers — Set up automatic monthly transfers to your investment account
Increase contributions with raises — Every time you get a raise, increase your savings by at least half the raise amount
Cut one expense — Cancel one subscription and redirect it to savings
Use windfalls wisely — Invest at least 50% of bonuses, tax refunds, and gifts
Start now — Time is your biggest advantage. Even $50/month matters if started early