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Savings Goal Calculator

Work out a monthly saving amount to reach a target without assuming interest.

Enter your values, then select Calculate.
(Target − saved) ÷ months
(Target − saved) ÷ months. Use the guide below to understand the assumptions.

How to use the savings goal calculator

  1. Target amount: The total amount you want to save.
  2. Already saved: Current savings toward the target.
  3. Months remaining: Number of monthly deposits until the target date.
  4. Select Calculate to see the result. Change any input and calculate again to compare.

Worked example

To grow 1,000 to 5,000 over 12 months, save approximately 333.33 monthly.

Formula and assumptions

(Target − saved) ÷ months.

Assumes no interest, fees or withdrawals. A target already reached needs no additional saving.

Common questions

Why might my result differ from another estimate?

Assumes no interest, fees or withdrawals. A target already reached needs no additional saving. Keep the same inputs and rounding when comparing tools.

Are my entries saved?

No. Calculations run on your device. Reloading or closing this page may clear your entries.