ToolNest

Savings Goal Calculator

How much to save, how long it takesRuns locally · nothing uploaded

Save each month
662.08
  • Total deposits44,724.61
  • Interest earned5,275.39

Assumes end-of-month deposits and monthly compounding. Real returns vary; this is not a promise of any product's return.

Results are estimates for reference only and are not financial, lending or tax advice. Confirm actual rates and taxes with your lender or tax authority.

Assumes a constant return compounded monthly. Real returns vary; not financial advice.

Also works as:savings calculatorhow much to save per monthsavings plan calculator

How to use

  1. 1Choose monthly amount needed or time to goal.
  2. 2Enter the goal, current savings and expected return.
  3. 3Enter the years or monthly deposit and read the result.

FAQ

How much to save $50,000 in 5 years?

With $5,000 saved and 4% a year, about $662 a month.

What return should I use?

Use a conservative rate. Savings accounts and money market funds are lower; higher assumptions are riskier.