Savings Goal Calculator
Tell us your goal and deadline, and we'll work out how much you need to set aside every month.
Monthly savings needed$595.72
- Weekly equivalent
- $137.47
- Total you'll deposit
- $21,446
- Interest earned
- $1,554
Monthly savings for common goals
Starting from $0 with 4% interest over 3 years:
| Goal | Save per month |
|---|---|
| $5,000 | $130.95 |
| $10,000 | $261.91 |
| $20,000 | $523.81 |
| $30,000 | $785.72 |
| $50,000 | $1,309.53 |
How it works
Your current savings are grown at the interest rate until the deadline. The gap left over is covered by equal monthly deposits that also earn interest.
Tips
- Automate it. Set a transfer for the day after payday so the money moves before you can spend it.
- Keep short-term goals in a high-yield savings account, not the stock market.
Frequently asked questions
Where should I keep short-term savings?
Many people use a high-yield savings account for goals under a few years. Enter that account's rate above.
Results are estimates for planning only and are not financial advice.