Use this calculator to see how much you need to save every month to reach a specific savings goal. Enter your target amount, current savings, time horizon and expected annual return.
This calculator answers a simple question: "How much do I need to save every month to reach my goal?" It combines three elements:
The math is based on monthly compounding and regular monthly contributions. Current savings are grown into the future using the same assumed rate, then the calculator solves for the monthly payment needed to close the gap.
Investment returns are uncertain and can be volatile. This tool provides a planning estimate only, not a guarantee. Always consider risk, fees and taxes, and speak with a financial professional for personalized advice.
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