Savings Goal
Project savings goal from contributions, rates, growth, and time. Use this free savings goal for fast, clear results with no signup required.
Savings Goal guide
What it is for
The Savings Goal estimates a financial outcome so you can compare scenarios before making a decision.
How it is calculated
Solve for the annual end-of-year contribution needed to reach the goal: goal × r / ((1 + r)^years − 1). Divide that amount by 12 to show a monthly budget equivalent.
Assumptions
Taxes, fees, inflation, rate changes, and product terms are not included unless the inputs account for them.
Example
Worked example — Savings goal: $10000; Annual savings rate: 3%; Years to goal: 3. Required monthly contribution: $269.6086361; Total contributions needed: $9,705.9109.
Limitations
This is not financial, tax, legal, or investment advice. Confirm terms with official documents and a qualified professional.
Public source: Investor.gov: Investing