Savings Goal Calculator

Savings Goal Calculator

Easily calculate how much you need to save, set a timeline, and track progress toward your financial goals with our free Savings Goal Calculator.

  • Enter Your Goal

    Set your target amount, starting balance, and savings duration.

  • Add Contributions

    Choose monthly or yearly deposits and include any lump sums or extra payments.

  • View Your Results

    See how your savings grow over time with charts and a detailed schedule.

Savings goal calculator illustration showing a piggy bank with coins, a calendar, and a rising chart to represent financial growth.

Frequently Asked Questions

  • Does the calculator take into account interest and inflation?

    Yes, the calculator lets you change the interest and inflation rates. This way, your results show how your savings might grow and what they could be worth over time.

  • How much should I save each month to reach my goal?

    The amount you should save each month depends on your goal, the time you have available, and the interest rate. The calculator will tell you exactly what you need to save to reach your target.

  • Can I include a lump sum or extra payments?

    Yes, you can add a lump sum or extra yearly payments. This lets you see how these additions can help you reach your goal faster and grow your savings.