Savings Goal Calculator

Find out how long it will take to reach a savings goal, or the monthly amount you need to save — works in any currency.

Your Goal

$
$
$
%

Enter in your local currency — the $ sign is just a placeholder; the math works the same everywhere.

Related Calculators

Two Ways to Plan a Goal

How Long? — enter what you can contribute each month, and this calculator tells you how many months (accounting for compound growth) it will take to reach your goal.

How Much Monthly? — enter a target timeframe, and it calculates the monthly contribution required to get there.

This calculator provides estimates for general informational purposes only. Actual investment returns vary and are never guaranteed.

Frequently Asked Questions

How is this different from the Retirement Savings Calculator?+

The Retirement Savings Calculator projects a balance forward from your age to retirement. This calculator works backward from a specific dollar goal — like a down payment, a vacation, or an emergency fund — and tells you either how long it will take or how much to save monthly to get there.

What if I don't earn any interest on my savings?+

Set the expected return to 0% — the calculator will simply divide your remaining goal by your monthly contribution (or vice versa), the same as saving in a non-interest-bearing account.

Can I use this outside the United States?+

Yes. This calculator doesn't use any country-specific accounts or currency — enter your goal, savings and contribution in your own currency; the $ sign shown is just a placeholder.