Savings Goal
WEBWork out the monthly deposit to hit your savings target on time.
Estimates only. Deposits are assumed at the start of each month and any interest rate is fixed — real returns vary and this is not financial advice.
What is the Savings Goal tool?
This savings goal calculator turns a target amount and a deadline into the one number that actually matters: how much you need to put away each month. Enter what you want to save, how many months you have, and — if you already have some money set aside — your starting balance, and it splits the remaining gap across your timeline so you know your monthly deposit instantly. It is the fastest way to answer questions like "how much per month to save 20,000 in two years?" without a spreadsheet.
You can also add an optional annual interest rate (APR). When your savings sit in an account that earns interest, that growth does part of the work for you, so the required monthly deposit drops. The calculator models deposits made at the start of each month and compounds the balance monthly — the same method a bank uses — then shows you the total you will deposit and how much of the goal interest quietly covers.
Everything runs entirely in your browser: your goal, your balance and your numbers never leave your device and nothing is uploaded or stored. It is free, needs no sign-up, works on your phone, and updates the moment you change a number. Treat the result as a planning estimate, not a guarantee — real interest rates move and life happens — but it gives you a concrete, honest monthly target to aim at.
How to use the Savings Goal
- Enter your savings goal — the total amount you want to reach.
- Enter how much you have already saved (leave it at zero if you are starting fresh).
- Set how many months you have to reach the goal with the slider.
- Optionally add an annual interest rate if your savings earn interest — the required deposit will drop.
- Read the monthly deposit you need, plus the total you will put in and any interest earned. It updates instantly.
Frequently asked questions
How do I calculate how much to save each month?
Take the amount you still need — your goal minus what you have already saved — and divide it by the number of months you have. This calculator does that automatically, and if you add an interest rate it also accounts for the growth your balance earns, which lowers the monthly deposit.
Does the starting balance change my monthly deposit?
Yes. The calculator only spreads the remaining gap — your goal minus your starting balance — across the months, so the more you have already saved, the smaller your monthly deposit needs to be. If your balance already meets the goal, it shows that you are done.
What does the interest rate do?
If you enter an annual rate, the tool assumes your savings earn that rate, compounded monthly, on both your starting balance and every deposit. That interest closes part of the gap for you, so the deposit you need each month goes down. Leave it at zero for a plain, non-interest savings pot.
Is my financial data private?
Yes. Every number is processed in your browser — your goal, balance and target date are never uploaded, stored or sent to any server. Once the page has loaded, the calculator even works offline.
Is this savings goal calculator free?
Yes — free, with no sign-up, no account and no limits. Enter your goal and get your monthly target in seconds.