Savings Goal Calculator
Turn your savings goal into a practical plan. Use the calculator below to explore what it could take to save for an emergency fund, vacation, major purchase, or another personal goal.
Try different amounts and timelines to find a plan that fits your budget.
Enter your savings goal, how much you already have saved, your target date, and an optional interest rate. We'll tell you exactly how much to save each month.
Know how much you can save each month? Enter that amount along with your goal and we'll tell you when you'll reach it.
Already saving a set amount each month? Enter your monthly savings, time frame, and interest rate to see how large a goal you can achieve.
💡 Savings Tips
Pay Yourself First
Automate savings transfers on payday so you never have to think about it.
High-Yield Accounts
A HYSA can earn 4–5% APY — far better than a standard savings account at 0.5%.
The 50/30/20 Rule
50% needs, 30% wants, 20% savings. A simple starting framework for any budget.
Name Your Goals
Give each savings goal a dedicated account and name. It makes it real and motivating.
Results are estimates for educational purposes. Actual savings may vary based on fees, taxes, and variable interest rates. Consult a qualified financial advisor for personalized advice.
How to Use the Calculator
Choose what you want to calculate. Select Monthly Savings Needed, Time to Reach Goal, or Goal from Savings.
Enter your numbers. Fill in your goal, current savings, monthly contribution, or savings timeline, depending on the tab you choose.
Set an optional interest rate. Enter an annual rate to estimate interest growth, or use 0% to calculate without interest.
Explore your options. Adjust the amounts or timeline to find a savings plan that fits your budget.
You can also select a quick-start goal to fill in example amounts, then change them to match your needs.
Example: To save $10,000 in 24 months, starting with $0 and assuming no interest, you would need approximately $417 per month.
Results are estimates. Actual savings may vary with interest rates, fees, taxes, and changes to your contributions.
Need more room in your budget? Explore practical ways to free up money for your savings goal.