Plan backwards from your goal
Most saving advice tells you to "save more". This tool does the opposite: it starts from the number you actually need and the date you need it, then tells you the monthly amount that makes it happen. Because your savings can earn a return, the required monthly figure is usually a little lower than dividing the goal by the months.
Make the goal achievable
If the monthly figure is too high, you have three dials: a longer timeline, a larger starting amount, or a smaller target. Lengthening the timeline is the most powerful because compounding does more of the work for you.
Frequently asked questions
How much should I save each month?
Enter your target amount, anything you have saved already, your timeline and an expected return. The calculator solves for the exact monthly amount that gets you there — including the growth your savings earn along the way.
What return rate is realistic for a savings goal?
For short goals (under ~3 years) keep money safe and assume a low rate (0–4%). For long goals you might invest and assume more, but higher returns carry more risk of a shortfall near the deadline.
What if I can’t afford the required amount?
Extend the timeline, lower the target, or increase your starting amount. Small changes to the deadline have a big effect because they give compounding more time to help.
Last updated: June 2026