Savings goal
Enter your savings goal and time period to see how much you need to save each month. If the monthly amount feels too high, try increasing the time period or starting balance.
This calculator works out the monthly amount needed to reach your goal. If you already save a fixed amount, you can use the Savings growth calculator instead.
Results
These are estimates based on your inputs.
Monthly contribution
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Amount to save each month to reach your goal
Total contributed
—
Starting balance + contributions
Interest earned
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Growth from interest
How this calculator works
We calculate the monthly contribution required to reach your target amount by the end of the chosen time period.
The calculation assumes monthly contributions, a fixed annual interest rate, and no withdrawals during the period.
If you prefer to save a fixed monthly amount and see how long it might take, try the Savings growth calculator.