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Savings goal calculator

Enter how much you want to save and by when, and see how much to put aside each month, including the returns.

Use zero if the money won’t earn anything.

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How we calculate

We work out the monthly deposit that, with each month’s returns and what you already have, reaches exactly your goal by the deadline.

Deposit = (goal − saved × (1 + i)n) × i ÷ ((1 + i)n − 1)

i = monthly rate equivalent to the yearly return · n = months.

Domande frequenti

Is the rate per year?

Yes. We convert it to the equivalent monthly rate.

What if I already have the money?

The calculator tells you the goal is already covered by your savings and their returns.

Does it work for any goal?

Yes: a trip, a course, a car or a down payment on a home.