Find out how much to save each month to hit your target — or how long it'll take at your current pace.
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Choose whether you want to know how much to save each month, or how long it will take at a contribution amount you choose. Enter your goal amount, current savings, and expected annual return, and the calculator does the rest — including a year-by-year breakdown of how your balance grows.
If you have a deadline — a house down payment, a wedding, a trip — use "Monthly Amount Needed" to find the exact contribution required. If you have a fixed amount you can set aside each month, switch to "Time to Reach Goal" to see when you'll get there.
Yes. The calculator compounds your return monthly, applying it to both your existing balance and each new contribution, so the year-by-year breakdown reflects realistic compound growth rather than simple interest.
For short-term goals under 3 years kept in a high-yield savings account or CD, 4–5% is a reasonable estimate. For longer-term goals invested in a diversified portfolio, many planners use a long-run average closer to 6–7%, though actual returns vary year to year and are never guaranteed.
If your current savings already meet or exceed your goal, the calculator will let you know rather than returning a negative or zero contribution figure — at that point you may want to focus on where the money is held rather than how much more to add.