All Tools VerseSavings Goal Calculator
Find how much to save each month to reach a goal, with compound growth and a projection chart. Runs in your browser, no sign-up.
- Runs in your browser
- Nothing uploaded
- Free, no sign-up
Find out how much to set aside each month to hit a savings target by a chosen date, including the interest your balance earns along the way. Everything is calculated in your browser.
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| Year | Contributions | Interest | Balance |
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Assumes a steady monthly deposit and a constant annual return compounded monthly. Real returns vary, so treat the interest as an estimate and revisit your plan as rates change.
How to Use Savings Goal Calculator
- Enter your goal. Type the amount you want to save and how much you already have set aside.
- Set the time and return. Choose how many years you have and the annual return you expect on your savings.
- Read the monthly amount. The calculator shows how much to deposit each month, plus the interest your balance earns.
- Adjust and compare. Change the timeframe or return to see how a longer horizon lowers the monthly amount you need.
Frequently Asked Questions
How does the calculator work?
It uses the future value of an annuity: your current savings grow with compound interest, and it solves for the monthly deposit that closes the gap to your goal by your target date.
What return should I assume?
Use a rate that matches where you keep the money. A high-yield savings account might be a few percent, while a diversified investment portfolio has historically returned more but with risk.
Does it account for compound interest?
Yes. Interest compounds monthly on your balance, which is why the total you contribute is less than your goal.
Is my money sent anywhere?
No. Every calculation runs in your browser and nothing you enter is uploaded or stored.
What if I can only save a fixed amount?
Enter your goal and see the monthly figure, then adjust the years until the monthly amount fits your budget.
Are the results guaranteed?
No. Real returns vary year to year, so treat the interest as an estimate and review your plan as rates change.
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