savings goal calculator

work out how much to save each month to reach a goal, or how long a given deposit will take.

runs on your device · free · no sign-up

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frequently asked questions

how is the monthly amount worked out?

it solves the future value of an annuity: payment = (goal − start × (1 + r)^n) × r ÷ ((1 + r)^n − 1).

does interest matter?

yes, interest reduces what you must deposit. set the rate to 0 for a plain savings account with no interest.

when are deposits made?

at the end of each month.

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