Planning ahead

Savings Goal Calculator

Estimate how much you may need to contribute each month to reach a future savings goal.

Monthly contribution needed — Estimated contribution at the end of each month
Total future contributions — New money added after today
Estimated investment growth — Portion of the goal supplied by estimated returns

How this savings goal calculator works

The calculator first estimates how much the current savings may grow. It then calculates the monthly contribution needed to cover the remaining amount by the end of the selected period.

Projected current savings Current savings × (1 + monthly rate)^months
Monthly contribution needed Remaining goal ÷ contribution growth factor

Monthly contributions are assumed to be added at the end of each month. The return should represent the expected annual return after investment fees.

Enter the goal in future dollars. The Inflation Calculator can help estimate the future cost of something priced today. The Investment Fee Calculator can help illustrate how fees may affect long-term returns.

Related guide

Planning for a future financial goal?

See how inflation, investment fees, and monthly contributions work together when building a plan.

Inflation, Investment Fees, and Savings Goals

Use the three calculators together to estimate the future target, return after fees, and monthly savings needed.

Read the future planning guide →

For educational purposes only. Results are estimates and assume a constant return and regular end-of-month contributions. Actual returns, inflation, fees, taxes, and contribution timing may vary.