Savings Goal Calculator

Find the monthly amount you need to save to reach a target by a chosen date.

Required monthly contribution $610.21

How it's calculated

The calculator works backward from your goal: it grows your current savings forward, then solves for the level monthly contribution whose compounded value fills the remaining gap.

Assumptions

Returns compound monthly; the solved contribution is made at month end.

Last updated: 2026-08-07

These assumptions follow our general methodology.

Frequently asked questions

What if my current savings already reach the goal?

Then the required contribution is zero — compounding alone gets you there.

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Compound Interest Calculator See how a starting balance plus regular contributions grows with compound interest over time. Time to Reach a Savings Goal Find how long it takes to reach a target — like your first $1 million — at your current savings rate. FIRE Number Calculator Your FIRE number is the portfolio that can cover your annual expenses at a safe withdrawal rate — 25 times expenses at the classic 4% rate.