Loan Calculator
Estimate fixed monthly principal and interest payments and total borrowing cost.
Money & Planning · FREE TO USE
Savings Goal Calculator
Find the monthly amount needed to reach a goal by your chosen time horizon.
02EXAMPLE RESULT
Required monthly saving
236.73
currency units
Projected balance10,000currency units
New contributions8,522.31currency units
Saving period36months
Results update as you type. Calculate adds a snapshot to your history.
How this calculation works
Assumes monthly compounding and deposits made at the end of each month. With no interest, the gap is simply divided by the number of months. Results exclude fees, tax, inflation, and changing rates.
Monthly saving = max(0, target − current × (1 + r)^n) ÷ [((1 + r)^n − 1) ÷ r].
Your calculation, step by step
- Grow your current savings for 36 months at the entered rate.
- Divide the remaining gap by the value of equal month-end deposits.
- Save approximately 236.7308867 at the end of each month.
A worked example
With 1,000 saved, a 10,000 target in 3 years and zero interest requires 250 per month.
Work through an example.
Inspect the assumptions and limits before applying a result.