Savings Goal Calculator
Finds the monthly deposit needed to reach a savings goal by a target date.
Every calculation runs instantly in your browser, so your inputs are never sent to a server, and the tool is free with no sign-up. You can save the results as an Excel file with live formulas and reuse them later.
Inputs
- Savings goal ($)
- Years to save (years)
- Annual return (%)
Example calculation
Required monthly deposit: $754.16
| Total deposited | $45,250 |
|---|---|
| Interest earned | $4,750 |
| Months | 60 |
Method & notes
Assumes end-of-month deposits and monthly compounding. Estimate.
Tips
Change any input and the result recalculates in real time. After downloading the Excel file, you can reuse it by editing only the yellow input cells.
FAQ
How does the Savings Goal Calculator work?
Finds the monthly deposit needed to reach a savings goal by a target date. Assumes end-of-month deposits and monthly compounding. Estimate.
Can I save the results?
Yes. You can download the results for free as an Excel (.xlsx) file with live formulas that recalculate when you change the yellow input cells.
Is it free?
Yes — all Calcova calculators are free, and you can save results as an Excel file.