Savings Goal Calculator
Free · no sign-up · reviewed July 2026
Got a target: a car, a wedding, a house down payment, a dream trip? This tells you the one number that matters: how much to tuck away each month to get there on time.
Set your goal, your deadline and where you'll keep the money, and watch the plan appear.
Drag to adjust
Save each month
$360.41
to reach $30,000 in 5 years
💡 Set aside $360 a month. Interest chips in about $3,375, so you personally only need to save $26,625 of the $30,000 goal.
$26,625
You save
over the whole time
$3,375
Interest adds
for free
$83
Per week
same as monthly
- What you put in$26,625
- Interest$3,375
- Monthly amount needed
- $360.41
- Total you'll contribute
- $26,625
- Interest earned
- $3,375
The 2-minute guide
Make it automatic
The single best savings trick is to automate it: set up an automatic transfer for the monthly amount above the day after payday. Money you never see is money you won't spend, and the goal fills itself without willpower.
Where you park it matters
For goals a few years out, a high-yield savings account or CD earning 4–5% beats a regular checking account earning nothing. The interest column above shows why. For goals 5+ years away, investing can grow it faster, but the value can dip short-term, so match the risk to the timeline.
Shorten the timeline, raise the payment
There's a direct trade-off: a sooner deadline means a bigger monthly amount, a later one means smaller. Drag the years slider to find a monthly number that fits your budget without feeling painful.
Frequently asked questions
How much should I save each month?
Enough to hit your specific goal on time. That's exactly what this calculator gives you. As a general habit, many people aim to save 20% of their income across all goals combined, but the right number is whatever reaches your target without wrecking your budget.
What interest rate should I enter?
Use the APY of wherever the money will live. A high-yield savings account is around 4–5% right now; a regular savings account is often under 1%. If you're unsure, 4% is a reasonable modern estimate for a safe account.
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