Planning · Goal
Reach your savings goal
Down payment, wedding, emergency fund, new car — tell us your target and when you need it, and we'll compute the monthly savings required.
Plan
Monthly contribution needed-
Current savings grows to-
Total new contributions-
Interest earned-
Tip
The higher your return rate, the less you need to contribute — but returns aren't guaranteed. For short horizons (under 3 years), a conservative rate is safer.
Savings goal — frequently asked questions
What annual return rate should I use?
For cash or high-yield savings, 3–5%. For diversified investments, 5–7% is a reasonable long-run expectation. Match the rate to the account type and time horizon — don't assume stock-market returns on a goal you need in 2 years.
What if I can't afford the required monthly amount?
You have three levers: extend the time horizon, lower the goal, or invest more aggressively to earn a higher expected return (which also increases risk). Often stretching the timeline by a year or two has the biggest impact.
Should I use a high-yield savings account or invest?
Goals within 1–3 years should stay in high-yield savings or short-term bonds. Goals 5+ years away can handle the volatility of a diversified portfolio, where expected returns are higher. The calculator works either way — just plug in a realistic rate.
Financial guides to go deeper
Short, practical reads that pair with our calculators.
Compound Interest vs. Loan Interest
Why the same force that builds wealth also keeps debt spiraling.
LoansThe Surprising Power of Extra Payments
Real numbers on how $50–$200 extra per month reshapes any long-term loan.
HomeRent vs. Buy: A Complete Financial Decision Guide
Hidden costs, opportunity cost, and the true break-even point of buying a home.